Four-family in Carroll Gardens sells for $3.1M
Adeline Sessa through the entity 81 Woodhull LLC paid $3.1 million to Anthony Ruffino and Dawn Ruffino through the entity Ruffino, LLC for the four-unit building (C3) at 81 Woodhull Street in Carroll Gardens, Brooklyn.
The deal closed on August 10, 2023 and was recorded on August 28, 2023. The property has 2,464 square feet of built space and 1,935 square feet of additional air rights for a total buildable of 4,398 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,258 and the price per buildable square foot is $704 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 seller bought the property on November 28, 2016, for $795,000. The signatory for Anthony Ruffino and Dawn Ruffino was Anthony Ruffino and Dawn Ruffino. The signatory for Adeline Sessa was Adeline Sessa. The contract date was June 13, 2023.
Prior sales and revenue
Prior to this transaction, PincusCo has no record that the buyer Adeline Sessa had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Anthony Ruffino had not purchased any other properties and had not sold any properties over the same time period. The former owners according to the Department of Housing Preservation and Development includes Dawn Ruffino, head officer and Anthony Ruffino, officer. The business entity is Ruffino Llc.
The property
The 1-4 family building with 4 residential units in Carroll Gardens has 2,464 square feet of built space and 1,935 square feet of additional air rights for a total buildable of 4,398 square feet according to a PincusCo analysis of city data. The parcel has frontage of 22 feet and is 100 feet deep with a total lot size of 2,199 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 $958,000.
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
On this tax block, PincusCo has identified the owners of two of the seven commercial properties representing 9,172 square feet of the 34,084 square feet. The two identified owners are Rory Cohen and Matthew Matatov.
There are no active new building construction projects on this tax block.
The majority, or 47 percent of the 34,084 square feet of built space are mixed-use buildings, with walkup buildings next occupying 38 percent of the space.
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