Carroll Gardens townhouse sells for $4.7M
The entity 18 1st Place, LLC paid $4.7 million to Maria Caridi through the entity Maria Bennici Trust for the two-unit building (B9) at 18 1st Place in Carroll Gardens, Brooklyn.
The deal closed on April 1, 2024 and was recorded on April 22, 2024. The property has 4,498 square feet of built space and 1,341 square feet of additional air rights for a total buildable of 5,832 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,049 and the price per buildable square foot is $809 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Maria Caridi was Maria Caridi. The contract date was September 28, 2023. The buyer entity is at 190 5th Avenue in Brooklyn, which is often used by Aran Scott affiliated entities.
Prior sales and revenue
Prior to this transaction, PincusCo has no record that the buyer had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Maria Caridi had not purchased any other properties and had not sold any properties over the same time period.
The property
The building with 2 residential units in Carroll Gardens has 4,498 square feet of built space and 1,341 square feet of additional air rights for a total buildable of 5,832 square feet according to a PincusCo analysis of city data. The parcel has frontage of 29 feet and is 100 feet deep with a total lot size of 2,916 square feet. The zoning is R6B which allows for up to 2 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $6.1 million.
Violations and lawsuits
There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has not received any significant violations in the last year.
Development
There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.
The block
There are no active new building construction projects on this tax block.
All properties are mixed-use.
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