$3.5M Multifamily Sale Closed In Carroll Gardens, Brooklyn By Bestreich Realty Group
94 3rd Place, Brooklyn, New York 11231, United States
$3,500,000
$905/SF
Building Size
3,864 SF
Asset Type
MultiFamily
Closing
Mar 7, 2022
AI
A multifamily property located at 94 3rd Place in Carroll Gardens, Brooklyn has been sold for a price of $3,500,000. The property consists of 4 units with a total square footage of 3,864. The price per unit is $875,000, and the price per square foot is $905. The transaction was finalized on March 8, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,500,000
- Address: 94 3rd Place, Carroll Gardens, Brooklyn
- Market: Carroll Gardens, Brooklyn
The sale was facilitated by Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Gabriel Kates, and Daniel Shawah, who represent the Bestreich Realty Group (BRG). The property was delivered vacant, as noted by @BRG_CRE.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93