Updated Dec 21, 2023
Romy Cohen Acquires Multifamily Property In Fort Greene, Brooklyn For $3.22M
316 Carlton Avenue, Fort Greene, Brooklyn, NY, USA
$3,220,000
$988/SF
Building Size
3,256 SF
Asset Type
MultiFamily
Closing
May 31, 2021
About this deal
AI
A multifamily property located at 316 Carlton Avenue in Fort Greene, Brooklyn has been sold for $3,220,000. The property has a total square footage of 3,256 and a price per square foot of $989. The lot size is 2,200 and the zoning is R6B. The property has a floor area ratio (FAR) of 1.48 and a tax class of 2A. The property underwent alteration type 2 permits on October 10, 2018. The lot dimensions are 22 ft x 100 ft.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,220,000
- Square Footage: 3,256
- Price per Square Foot: $989
- Lot Size: 2,200
- Zoning: R6B
- Floor Area Ratio (FAR): 1.48
- Tax Class: 2A
- Permits: Alteration type 2 (10/10/2018)
- Lot Dimensions: 22 ft x 100 ft
The buyer of the property is Romy Cohen and the seller is Norris Mcleod.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.93%
Cash-on-Cash
-1.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93