Adam Lobel And Toby Waring Acquire Mixed Use Property In Carroll Gardens, Brooklyn For $2.55M

An mixed-use property located at 552 Court Street, between West 9th St and Garnet St in Carroll Gardens, Brooklyn, has been sold. The property includes 2 apartments and 1 store, and was sold for a price of $2,550,000. The sale represents a capitalization rate (CAP rate) of 3.82% and a gross rent multiplier (GRM) of 22.30x. The GRM per square foot is $850/SF.

Summary of transaction details

• Property Type: Mixed Use – 2 Apts & 1 Store
• Transaction Amount: $2,550,000
• Location: 552 Court Street, Carroll Gardens, Brooklyn, New York
• CAP Rate: 3.82%
• GRM: 22.30x
• GRM PPSF: $850/SF

The property was sold by Mario Randazzo and George Grandville. There is no additional information available about the buyer or any brokers involved in the transaction.