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111 South Oxford Street, Br...

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

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.

Players

Ramiel Ben-Yehuda

Seller

$17.4M

vol

4 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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