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18 1st Place

Bennici Family Sells Townhouse In Carroll Gardens, Brooklyn For $4.7M
SOLDSingle Family

Bennici Family Sells Townhouse In Carroll Gardens, Brooklyn For $4.7M

18 1st Place

$4,700,000

$1,074/SF

Building Size

4,375 SF

Asset Type

Single Family

Closing

Apr 2, 2024

AI

The townhouse located at 18 1st Place in Carroll Gardens, Brooklyn was sold by the Bennici Family for $4,700,000. This property is a redevelopment asset with 2 units, spanning 4,375 square feet, and a price per unit of $2,350,000. The price per square foot for this transaction was $1,074. Additionally, the townhouse comes with the benefit of air rights and parking.

Summary of transation details:

  • Property Type: Townhouse Redevelopment
  • Transaction Amount: $4,700,000
  • Units: 2
  • Square Footage: 4,375
  • Price Per Unit: $2,350,000
  • Price Per Square Foot: $1,074
  • Address: 18 1st Place, Carroll Gardens, Brooklyn
  • Market: Carroll Gardens, Brooklyn

The sale of this vacant townhouse with air rights and parking was facilitated by Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Samantha Katz, and Alon Kahan of Investment Property Realty Group (IPRG).

Players

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$602.2M

vol

141 deals

Broker

Brooklyn Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.38%

Cash-on-Cash

-0.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93