Updated Dec 21, 2023
John Rizio-Hamilton Acquires Single Family Property On 226 Degraw Street, Carroll Gardens, Brooklyn For $9.6M, Sold By Maneet Jain
226 Degraw Street, Brooklyn, New York 11231, United States
$9,635,000
$1,835/SF
Building Size
5,250 SF
Asset Type
Single Family Residence
Closing
Aug 14, 2022
About this deal
AI
The single-family property located at 226 Degraw Street in Carroll Gardens, Brooklyn was sold on August 15, 2022. The property is zoned as R6B and has a total building square footage (BSF) of 5,000. The price of the property was $9,635,000, resulting in a price per building square footage (PPBSF) of $1,927. The property spans across 5,250 square feet, with a price per square foot (PPSF) of $1,835.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $9,635,000
- Address: 226 Degraw Street, Carroll Gardens, Brooklyn
- Market: Carroll Gardens, Brooklyn
- Zoning: R6B
- Buyer: John Rizio-Hamilton
- Seller: Maneet Jain
- Building Square Footage (BSF): 5,000
- Price per Building Square Footage (PPBSF): $1,927
- Total Square Footage (SF): 5,250
- Price per Square Foot (PPSF): $1,835
- Lot Size: 2,500
- Last Sale Price: $3,700,000 (12/10/2018)
- Permits: Alteration 1 (02/15/2019)
- Lot Dimension: 25 ft x 100 ft
John Rizio-Hamilton purchased the property from Maneet Jain for a total price of $9,635,000. The property has a floor area ratio (FAR) of 2.10 and falls under tax class 1. The lot size of the property is 2,500 square feet. The previous sale price of the property was $3,700,000, recorded on December 10, 2018. An alteration permit was obtained on February 15, 2019. The lot dimensions measure 25 feet by 100 feet.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.8K per square foot on a published $9.6M for 5,250 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93