Updated Oct 28, 2024
The Sohayegh Family Acquires 7-Unit Multifamily In Fort Greene, Brooklyn From Legacy Equities. Brokers: Andrew Bronsteen & Shaun Riney - Marcus & Millichap. Sale Price: $3M
312 Carlton Avenue
$3,000,000
$606/SF
Building Size
4,950 SF
Asset Type
MultiFamily
Closing
Jul 22, 2022
About this deal
AI
The multifamily property located at 312 Carlton Ave. in Fort Greene, Brooklyn has been sold in a recent transaction. The property consists of 7 units with a total square footage of 4,950. The sale price for the property was $3,000,000, resulting in a price per unit of $428,571 and a price per square foot of $606.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Address: 312 Carlton Ave., Fort Greene, Brooklyn
- Units: 7
- Price per Unit: $428,571
- Total Square Footage: 4,950
- Price per Square Foot: $606
The buyer in this transaction is The Sohayegh Family, while Legacy Equities acted as the seller. The deal was facilitated by brokers Andrew Bronsteen and Shaun Riney from Marcus & Millichap.
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93