Ruben Damaghi pays $2.9M for 3-family in Carroll Gardens
Ruben Damaghi through the entity 405 Sackett LLC paid $2.9 million to Bart Raffaele through the entity Angeloni, Elio for the three-unit 1-4 family building (C0) at 405 Sackett Street in Carroll Gardens, Brooklyn.
The deal closed on March 5, 2024 and was recorded on March 13, 2024. The property has 3,040 square feet of built space and 960 square feet of additional air rights for a total buildable of 4,000 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $937 and the price per buildable square foot is $712 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 Bart Raffaele was Bart Raffaele. The signatory for Ruben Damaghi was Ruben Damaghi. The contract date was January 16, 2024.
Prior sales and revenue
Prior to this transaction, PincusCo has no record that the buyer Ruben Damaghi had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Bart Raffaele 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 Elio Angeloni, joint owner and Maria Raffaele, joint owner.
The property
The building with 3 residential units in Carroll Gardens has 3,040 square feet of built space and 960 square feet of additional air rights for a total buildable of 4,000 square feet according to a PincusCo analysis of city data. The parcel has frontage of 20 feet and is 100 feet deep with a total lot size of 2,000 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 $3.1 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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