Elizabeth McDonald Acquires Retail Property On Court Street In Carroll Gardens For $3.26M
418-420 Court Street, Brooklyn, NY, USA
$3,257,482
$581/SF
Building Size
5,605 SF
Asset Type
Retail
Closing
Sep 1, 2021
About this deal
AI
The property at 418-420 Court Street in Carroll Gardens has been sold in a recent transaction. The retail asset has a total square footage of 5,605. The property was sold for a price of $3,257,482, resulting in a price per square foot of $581. The building has a buildable square footage of 8,850, with a price per buildable square foot of $368. The lot size is 2,950 square feet, and the lot dimensions are 100 ft x 50 ft. The property is zoned as R6A and C2-4, allowing for various uses. The most recent permit for the property was an Alteration type 2, issued on 09/16/2014. The property falls under tax class 4, and its FAR (Floor Area Ratio) is 1.90.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,257,482
- Address: 418-420 Court Street
- Market: Carroll Gardens
- Buyer: Elizabeth McDonald
- Seller: Capital One
The buyer in this transaction is Elizabeth McDonald, while the seller is Capital One.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.87%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93