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135 Fort Greene Place, Broo...

Updated Feb 25, 2025

Russell Altman Acquires Multifamily Property In Fort Greene, Brooklyn For $3.2M
SOLDMultiFamily

Russell Altman Acquires Multifamily Property In Fort Greene, Brooklyn For $3.2M

135 Fort Greene Place, Brooklyn, New York 11217, United States

$3,200,000

$918/SF

Building Size

3,486 SF

Asset Type

MultiFamily

Closing

Jul 14, 2022

About this deal

AI

A multifamily property located at 135 Fort Greene Place in Fort Greene, Brooklyn has been sold. The property, which is zoned as R6B, was purchased for a total price of $3,200,000. The building has a total square footage of 4,200, with a price per square foot of $761. The lot size is 2,100, and the dimensions are 21 ft x 100 ft. The previous sale of the property took place on January 10, 2022, for a price of $2,300,000. The property underwent an alteration permit on September 9, 2016.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $3,200,000
  • Market: Fort Greene, Brooklyn
  • Buyer: Russell Altman
  • Seller: Michael Murphy
  • Price per Square Foot: $761
  • Square Footage: 4,200
  • Lot Size: 2,100
  • Last Sale Price: $2,300,000 (01/10/2022)
  • Permits: Alteration 3 (09/09/2016)
  • Lot Dimension: 21 ft x 100 ft

Russell Altman, represented by his broker, made the purchase of the property from the seller, Michael Murphy. The property is classified under tax class 1 and has a floor area ratio (FAR) of 1.66.

Players

Michael Murphy

Douglas Elliman

Broker

$104.9M

vol

24 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $918 per square foot on a published $3.2M for 3,486 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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