Updated Dec 20, 2023
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
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93