Updated Dec 21, 2023
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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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