Updated Dec 4, 2024
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
About this deal
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).
On the Map
$4,700,000
$1,074/SF
Single Family
View full map
Players
Brooklyn Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Deal FAQ
About $1.1K per square foot on a published $4.7M for 4,375 square feet (2024).
Visit Toby Waring to view all their deals.
Browse Brooklyn single family sales on Traded.
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