Updated Dec 21, 2023
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
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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