Updated Dec 21, 2023
Ava Gerber Acquires Fort Greene Multifamily For $3.35M With Brokers Peter Von Der Ahe, Shaun Riney, Andrew Bronsteen
19 S Oxford St, Brooklyn, NY 11217, USA
$3,350,000
$558/SF
Building Size
6,000 SF
Asset Type
MultiFamily
Closing
Aug 12, 2020
About this deal
AI
The multifamily property located at 19 South Oxford Street in Fort Greene, Brooklyn has been sold. The property spans 6,000 square feet and consists of 10 units. The sale price for this transaction was $3,350,000, resulting in a price per square foot of $558. With a capitalization rate of 5.08%, this sale represents a lucrative investment opportunity in the vibrant Fort Greene market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,350,000
- Square Footage: 6,000
- Price Per Square Foot: $558
- Number of Units: 10
- Capitalization Rate: 5.08%
- Address: 19 South Oxford Street, Fort Greene, Brooklyn
- Market: Fort Greene, Brooklyn
The buyer of this property is Ava Gerber, while Jonathan Manocherian is the seller. The transaction was facilitated by the brokers Peter Von Der Ahe, Shaun Riney, and Andrew Bronsteen. Their expertise and guidance in the deal have been instrumental in ensuring a successful transaction for both parties involved.
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
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93