Minerva Development Acquires Al Capone's Childhood Home In Park Slope For $5.82M
38 Garfield Place
$5,820,000
Building Size
—
Asset Type
Single Family
Closing
Nov 24, 2025
AI
The property involved in this transaction is a single-family home located at 38 Garfield Place in the Park Slope market. It was sold for $5,820,000 and boasts over 4,000 square feet of living space across five stories. The sale followed a complete renovation that maintained the historic brick facade while incorporating high-end finishes, including Italian marble and bespoke millwork.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $5,820,000
- Address: 38 Garfield Place
- Market: Park Slope
- Broker: Nadia Bartolucci - Douglas Elliman
- Buyer: Minerva Development
This transaction was facilitated by Nadia Bartolucci, representing the buyer, Minerva Development, through her affiliation with Douglas Elliman. The deal reflects the ongoing interest in historically significant properties within the Brooklyn area.
Players
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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93