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19 S Oxford St, Brooklyn, N...

Updated Dec 21, 2023

Ava Gerber Acquires Fort Greene Multifamily For $3.35M With Brokers Peter Von Der Ahe, Shaun Riney, Andrew Bronsteen
SOLDMultiFamily

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

Andrew Bronsteen

Marcus & Millichap

Broker

$280.8M

vol

68 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.9B

vol

377 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $558 per square foot on a published $3.4M for 6,000 square feet (2020).

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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

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