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1 South Oxford Street, Broo...

JoAnn Bradley Sells 11-Unit Multifamily Property In Fort Greene For $3M With Rich Velotta Of Raven Property Advisors As The Broker
SOLDMultiFamily

JoAnn Bradley Sells 11-Unit Multifamily Property In Fort Greene For $3M With Rich Velotta Of Raven Property Advisors As The Broker

1 South Oxford Street, Brooklyn, New York 11217, United States

$3,000,000

$545/SF

Building Size

5,500 SF

Asset Type

MultiFamily

Closing

Dec 14, 2021

AI

The property involved in the transaction is a multifamily asset located at 1 South Oxford Street in Fort Greene. The sale took place on December 14, 2021.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $3,000,000
  • Address: 1 South Oxford Street
  • Market: Fort Greene

The seller of the property was JoAnn Bradley. The transaction was facilitated by Rich Velotta of Raven Property Advisors. The sale price for the property was $3,000,000. The property comprises of 11 units, with a per unit price of $272,727. The total square footage of the property is 5,500, resulting in a price per square foot of $545.

Players

Richard Velotta

Raven Property Advisors

Broker

$409M

vol

30 deals

Broker

Joann Bradley

Seller

$4.7M

vol

2 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93