Eric Carino And Enrico Ferri Of Unicorn Properties Group Purchase Multifamily Asset In Brooklyn For $1.5M
239 Jackson Street
$1,500,000
$781/SF
Building Size
1,920 SF
Asset Type
MultiFamily
Closing
Apr 4, 2025
AI
The property involved in this transaction is a MultiFamily asset located at 239 Jackson Street in Brooklyn. It was sold for a transaction amount of $1,500,000. The property consists of 2 units with a total square footage of 1,920, resulting in a price per unit of $750,000 and a price per square foot of $781.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,500,000
- Units: 2
- Price Per Unit: $750,000
- Square Footage: 1,920
- Price Per Square Foot: $781
- Buyer: Eric Carino & Enrico Ferri - Unicorn Properties Group
- Seller's Representative: Pat Yovino - Keller Williams Realty
Eric Carino and Enrico Ferri, representing Unicorn Properties Group, were the buyers in this transaction. Pat Yovino represented the seller through Keller Williams Realty. The buyers are actively searching for additional 1-5 unit free market properties in Brooklyn, Queens, and Manhattan, with a preference for properties suitable for rehabilitation, condo-conversion, or residential development with a minimum of 20,000 buildable square feet.
Players
Brooklyn 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93