Samas 1103 Carroll Holdings LLC pays $5M to Isaac Abraham for multifamily property in Crown Heights

Samas 1103 Carroll Holdings LLC paid Isaac Abraham’s 1103 Carroll Partners LLC $5.2 million for 1103 Carroll Street in Crown Heights. The deal closed on October 28, 2019, and was recorded on December 2, 2019. The transaction consists of 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 8 residential units. The property is 11,455 square feet. The parcel(s) have total development potential of 11,455 square feet.
The average sale price per square foot is $450.
The estimated cap rate is 4.3%
The last time the property sold was November 10, 2014, for $2,750,000.

Over the past five years, there have been 4 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 4 renovation/alteration projects (A2) applied for with a total estimated value of $851,600.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link