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310 Carlton Avenue, Brookly...

Updated Dec 21, 2023

Barnaby Robinson Acquires Multifamily Property On Carlton Avenue, Fort Greene, Brooklyn For $4.4M
SOLDMultiFamily

Barnaby Robinson Acquires Multifamily Property On Carlton Avenue, Fort Greene, Brooklyn For $4.4M

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

$4,400,000

$1,087/SF

Building Size

4,048 SF

Asset Type

MultiFamily

Closing

Aug 11, 2022

About this deal

AI

A multifamily property located at 310 Carlton Avenue in Fort Greene, Brooklyn, has been sold in a transaction closed on August 12, 2022. The property, with a total square footage of 4,048, is zoned as R6B and features a lot size of 2,200 square feet. The sale price for this transaction was $4,400,000, resulting in a price per square foot of $1,086.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,400,000
  • Address: 310 Carlton Avenue, Fort Greene, Brooklyn
  • Market: Fort Greene, Brooklyn
  • Buyer: Barnaby Robinson
  • Seller: Allen Hobbs
  • Square Footage: 4,048
  • Price per Square Foot: $1,086
  • Zoning: R6B

The buyer in this transaction was Barnaby Robinson, while the seller was Allen Hobbs. The property, with a floor area ratio (FAR) of 1.84, is classified under tax class 1. The lot dimensions measure 22 feet by 100 feet. Additionally, an alteration permit was issued on October 29, 2002, for this property. It is worth noting that this transaction did not involve any brokers or representatives.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.1K per square foot on a published $4.4M for 4,048 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.61%

Cash-on-Cash

-1.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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