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Christopher Nelson Acquires Multifamily Property At 277 Adelphi Street For $4,990,000 From Trust I
SOLD
$4,990,000
New York
See Similar DealsMultiFamily4,136 SF
Sold 06/03/2026
SOLD
Christopher Nelson Acquires Multifamily Property At 277 Adelphi Street For $4,990,000 From Trust I
277 Adelphi Street
See Similar DealsMultiFamily4,136 SF
Sold 06/03/2026
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,206
Total Square Footage:4,136 SF
Transaction Type:Sale
A multifamily property located at 277 Adelphi Street in Fort Greene, Brooklyn, has been sold for a total of $4,990,000. The property encompasses 4,136 square feet, resulting in a price per square foot of $1,206.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,990,000
- Address: 277 Adelphi Street
- Market: Fort Greene, Brooklyn
- Square Footage: 4,136
- Price per Square Foot: $1,206
- Buyer: Christopher Nelson
- Seller: The Fredrick R. Delapenha Irrevocable Trust I - Lynne Morton as Trustee
This transaction highlights the involvement of Christopher Nelson as the buyer and Lynne Morton representing the seller in her capacity as trustee for The Fredrick R. Delapenha Irrevocable Trust I, facilitating the deal between the two parties.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,728.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,655.15
Annual Debt Service$283,861.75
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