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

Property Image
SOLD
$3,959,375

New York

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MultiFamily3,074 SF
Sold 07/08/2022
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Property Image
SOLD

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

See Similar Deals
MultiFamily3,074 SF
Sold 07/08/2022
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,288
Total Square Footage:3,074 SF
Transaction Type:Sale

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

CR
Colin Rusch
2 deals$6.7M volume
BUYER

Details

SOLD
IMAGE: 07/08/2022 ADDRESS: 282 Carlton Avenue MARKET: Fort Greene, Brooklyn ASSET TYPE: Multifamily ~ ZONING: R6B BUYER: Colin Rusch SELLER: Gilbert Rivera Jr PRICE: $3,959,375 BSF: 4,300 ~ PPBSF: $920 SF: 3,074 ~ PPSF: $1,288 FAR: 1.43 TAX CLASS: 2A LOT SIZE: 2,150 LOT DIMENSION: 22 ft x 100.33 ft

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$14,066.83
Cash-on-Cash Return-1.27%
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