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418-420 Court Street, Brook...

Updated Dec 14, 2024

Elizabeth McDonald Acquires Retail Property On Court Street In Carroll Gardens For $3.26M
SOLDRetail

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

Capital One
Capital OneSeller
Capital One
Capital OneLender

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $581 per square foot on a published $3.3M for 5,605 square feet (2021).

Browse New York retail sales on Traded.

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

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