facebook
Traded Co logo
Submit

$3.5M Multifamily Sale Closed In Carroll Gardens, Brooklyn By Bestreich Realty Group

Property Image
SOLD
$3,500,000
Toby Waring
Luke Sproviero
Gabriel Kates
+ 3

New York

See Similar Deals
MultiFamily3,864 SF
Sold 03/08/2022
the dealplayerscompscontact
Property Image
SOLD

$3.5M Multifamily Sale Closed In Carroll Gardens, Brooklyn By Bestreich Realty Group

94 3rd Place, Brooklyn, New York 11231, United States

See Similar Deals
MultiFamily3,864 SF
Sold 03/08/2022
Toby Waring
Luke Sproviero
Gabriel Kates
+ 3
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$905
Total Square Footage:3,864 SF
Transaction Type:Sale

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

Adam Lobel
Investment Property Realty Group (IPRG)
Adam Lobel
137 deals$583.5M volume(314) 920-8639
BROKER
Derek Bestreich
Investment Property Realty Group (IPRG)
Derek Bestreich
312 deals$1.1B volume(718) 360-8802
BROKER
Daniel Shawah
Baldwin Pearson & Co
Daniel Shawah
33 deals$103.9M volume(203) 531-6348
BROKER
Luke Sproviero
Investment Property Realty Group (IPRG)
Luke Sproviero
222 deals$848.7M volume
BROKER
Toby Waring
Investment Property Realty Group (IPRG)
Toby Waring
89 deals$348.6M volume
BROKER
Gabriel Kates
Block Real Estate Group
Gabriel Kates
59 deals$158.4M volume(508) 365-8278
BROKER

Details

SOLD
IMAGE: Derek Bestreich & Gabriel Kates DATE: 03/08/2022 ADDRESS: 94 3rd Place MARKET: Carroll Gardens, Brooklyn ASSET TYPE: Multifamily BROKERS: Derek Bestreich, Luke Sproviero (@DaLucien), Adam Lobel (@AdamLobelRealEstate), Toby Waring (@BklynBricks), Gabriel Kates (@GabeKates) & Daniel Shawah (@DanielJShawah) - Bestreich Realty Group (BRG) (@BRG_CRE) SALE PRICE: $3,500,000 UNITS: 4 ~ PPU: $875,000 SF: 3,864 ~ PPSF: $905 NOTE FROM @BRG_CRE: Delivered Vacant

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$186,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43