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38 Garfield Place

Minerva Development Acquires Al Capone's Childhood Home In Park Slope For $5.82M
SOLDSingle Family

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

Nadia Bartolucci

Douglas Elliman

Broker

$29.3M

vol

4 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage
Minerva Development
Minerva DevelopmentBuyer

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