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1347 Greene Avenue, Brookly...

Updated Dec 20, 2023

Carter Martin Acquires Multi Family Property In Bushwick, Brooklyn For $4M
SOLDMultiFamily

Carter Martin Acquires Multi Family Property In Bushwick, Brooklyn For $4M

1347 Greene Avenue, Brooklyn, New York 11237, United States

$4,000,000

$897/SF

Building Size

4,459 SF

Asset Type

MultiFamily

Closing

Dec 13, 2021

About this deal

AI

A multi-family property located at 1347 Greene Avenue in Bushwick, Brooklyn has been sold in a closed transaction. The property is zoned as R6 and has a lot size of 2,926 square feet. The last recorded sale of the property was on November 15, 2017, for $0.

Summary of transaction details

  • Property Type: Multi Family
  • Transaction Amount: $4,000,000
  • Address: 1347 Greene Avenue
  • Market: Bushwick, Brooklyn
  • Buyer: Carter Martin
  • Seller: Rosemary Hayden
  • Building Square Footage: 7,110
  • Price per Building Square Foot: $563
  • Lot Dimension: 20 ft x 100 ft
  • Tax Class: 2B
  • Floor Area Ratio (FAR): 1.52

In this transaction, Carter Martin has purchased the property from Rosemary Hayden for a total of $4,000,000. The property has a total of 7,110 square feet of building space, with a price per building square foot of $563. The lot size is 2,926 square feet, with dimensions of 20 ft x 100 ft. The property is classified as Tax Class 2B and has a floor area ratio (FAR) of 1.52.

Players

Carter Martin

Carlyle Group

Buyer

$146M

vol

28 deals

Buyer

RoseMary Hayden

Seller

$25.1M

vol

7 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $897 per square foot on a published $4M for 4,459 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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