facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

254 Cumberland Street, Broo...

Updated Dec 21, 2023

Keith Arthur Acquires Multifamily Property In Fort Greene From Stephen R Larocca
SOLDMultiFamily

Keith Arthur Acquires Multifamily Property In Fort Greene From Stephen R Larocca

254 Cumberland Street, Brooklyn, New York 11205, United States

$3,100,000

$854/SF

Building Size

3,630 SF

Asset Type

MultiFamily

Closing

Oct 7, 2021

About this deal

AI

The multifamily property located at 254 Cumberland Street in Fort Greene has been sold. The transaction took place on October 8, 2021, with Keith Arthur purchasing the property from Stephen R Larocca for a total price of $3,100,000. The property has a building square footage (BSF) of 4,400, resulting in a price per BSF (PPBSF) of $704. The total lot size is 2,200 square feet, with dimensions of 22 feet by 100 feet. The property is zoned as R6B, and its floor area ratio (FAR) is 1.65. The tax classification of the property is 2B.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,100,000
  • Address: 254 Cumberland Street
  • Market: Fort Greene
  • Zoning: R6B
  • Buyer: Keith Arthur
  • Seller: Stephen R Larocca
  • BSF: 4,400
  • PPBSF: $704
  • FAR: 1.65
  • Tax Class: 2B
  • Lot Size: 2,200
  • Lot Dimension: 22 ft x 100 ft

Keith Arthur represented himself in the deal, while Stephen R Larocca was represented by his own broker. Further details about the transaction were not provided.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $854 per square foot on a published $3.1M for 3,630 square feet (2021).

Browse New York multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.12%

Cash-on-Cash

-1.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets