Updated Jan 30, 2024
Matthew Broadstone Acquires Multifamily Property On S Oxford St In Fort Greene, Brooklyn For $3.11M
139a South Oxford Street, Brooklyn, New York 11217, United States
$3,110,000
$1,154/SF
Building Size
2,693 SF
Asset Type
MultiFamily
Closing
May 31, 2022
About this deal
AI
The multifamily property located at 139A S Oxford St in Fort Greene, Brooklyn has been sold. The transaction took place on June 1, 2022. The property is zoned as R6B and R7-2, allowing for multifamily use. The sale of this property involved a buyer and a seller.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,110,000
- Market: Fort Greene, Brooklyn
- Asset Type: Multifamily
- Zoning: R6B, R7-2
- Buyer: Matthew Broadstone
- Seller: Richard Norton & Margaret Norton
Matthew Broadstone was the buyer of the property, while Richard Norton and Margaret Norton acted as the sellers. The property was sold for a price of $3,110,000. The building has a BSF (Building Square Footage) of 3,520, resulting in a PPBSF (Price per Building Square Foot) of $883. The total square footage of the property is 2,693, with a PPSF (Price per Square Foot) of $1,154.
The property has a FAR (Floor Area Ratio) of 1.53 and a tax class of 1. The lot size is 1,760, with dimensions of 14.67 ft x 120 ft.
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
5.10%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93