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.
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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