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239 Jackson Street

Eric Carino And Enrico Ferri Of Unicorn Properties Group Purchase Multifamily Asset In Brooklyn For $1.5M
SOLDMultiFamily

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

Pat Yovino

Keller Williams Realty

Broker

$1.5M

vol

1 deal

Broker
Eric Carino

Eric Carino

Unicorn Properties Group

Buyer

$12.2M

vol

10 deals

Buyer

Brooklyn 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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93