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282 Carlton Avenue, Brookly...

Updated Dec 21, 2023

Colin Rusch Acquires Multifamily Property On 282 Carlton Avenue In Fort Greene, Brooklyn For $3.96M
SOLDMultiFamily

Colin Rusch Acquires Multifamily Property On 282 Carlton Avenue In Fort Greene, Brooklyn For $3.96M

282 Carlton Avenue, Brooklyn, New York 11205, United States

$3,959,375

$1,288/SF

Building Size

3,074 SF

Asset Type

MultiFamily

Closing

Jul 7, 2022

About this deal

AI

The multifamily property located at 282 Carlton Avenue in Fort Greene, Brooklyn, has been sold in a recent transaction. The sale took place on July 8, 2022, with Colin Rusch acquiring the property from Gilbert Rivera Jr. The property is zoned as R6B and falls under the tax class 2A. The lot is sized at 2,150 square feet, with dimensions of 22 feet by 100.33 feet.

Summary of transaction details

  • Property Type: Multifamily
  • Sale Price: $3,959,375
  • Building Square Footage: 4,300
  • Price per Building Square Foot: $920
  • Lot Size: 2,150 square feet
  • Lot Dimension: 22 ft x 100.33 ft
  • Price per Standard Square Foot: $1,288

Colin Rusch acted as the buyer in this transaction, while Gilbert Rivera Jr. served as the seller. The property's Floor Area Ratio (FAR) is 1.43, indicating the total square footage of the building can be 1.43 times the lot size.

Players

Colin Rusch

Buyer

$6.7M

vol

2 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.3K per square foot on a published $4M for 3,074 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.01%

Cash-on-Cash

-1.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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