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94 3rd Place, Brooklyn, New...

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

$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

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$602.2M

vol

141 deals

Broker
Gabriel Kates
Verified Badge

Gabriel Kates

Block Real Estate Group

Broker

$158.4M

vol

59 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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