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111 South Oxford Street, Br...

Updated Dec 21, 2023

Premek Burek Acquires Apartment In Fort Greene, Brooklyn For $4.2M
SOLDMultiFamily

Premek Burek Acquires Apartment In Fort Greene, Brooklyn For $4.2M

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

$4,200,000

$1,312/SF

Building Size

3,200 SF

Asset Type

MultiFamily

Closing

Sep 18, 2022

About this deal

AI

The property located at 111 South Oxford Street in Fort Greene, Brooklyn has been sold in a recent transaction. The apartment building, with a zoning classification of R6B, was sold for a price of $4,200,000. The property spans a total square footage of 3,200, with a price per square foot of $1,312. The buyer in this transaction is Premek Burek, while the seller is Ramiel Ben-Yehuda. The transaction took place on September 19, 2022.

Summary of transaction details:

  • Property Type: Apartment
  • Transaction Amount: $4,200,000
  • Address: 111 South Oxford Street, Fort Greene, Brooklyn
  • Market: Fort Greene, Brooklyn
  • Zoning: R6B
  • Buyer: Premek Burek
  • Seller: Ramiel Ben-Yehuda
  • Square Footage: 3,200
  • Price per Square Foot: $1,312

It is worth noting that the property has a building square footage of 4,000 and a price per building square foot of $1,050. The property has a FAR (Floor Area Ratio) of 1.60 and falls under tax class 2B. The lot size is 2,000 and the dimensions of the lot are 20 ft x 100 ft. The previous sale of the property took place on October 10, 2017, for a price of $3,120,000.

On the Map

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$4,200,000

$1,312/SF

MultiFamily

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Players

Ramiel Ben-Yehuda

Seller

$17.4M

vol

4 deals

Seller
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New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.3K per square foot on a published $4.2M for 3,200 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.78%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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