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Andrew MacArthur & Millie Perry Sell Multifamily Property In Fort Greene For $7.2 Million
SOLD
$7,200,000
New York
See Similar DealsMultiFamily4,128 SF
Sold
SOLD
Andrew MacArthur & Millie Perry Sell Multifamily Property In Fort Greene For $7.2 Million
156 Lafayette Avenue
See Similar DealsMultiFamily4,128 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,744
Total Square Footage:4,128 SF
Transaction Type:Sale
156 Lafayette Avenue is a multifamily property located in Fort Greene, Brooklyn, encompassing a total area of 4,128 square feet. The recent sale of this asset closed on April 23, 2026, with the transaction price set at $7,200,000, equating to approximately $1,744 per square foot.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $7,200,000
- Address: 156 Lafayette Avenue
- Market: Fort Greene, Brooklyn
- Square Footage: 4,128 SF
- Price Per Square Foot: $1,744
- Seller: Andrew MacArthur & Millie Perry
The transaction involved sellers Andrew MacArthur and Millie Perry, who executed the sale of the property. This deal reflects market activity within the multifamily sector of the Fort Greene area.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$384,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,580.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,131.67
Annual Debt Service$409,580.08
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