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316 Carlton Avenue, Fort Gr...

Updated Dec 21, 2023

Romy Cohen Acquires Multifamily Property In Fort Greene, Brooklyn For $3.22M
SOLDMultiFamily

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

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $988 per square foot on a published $3.2M for 3,256 square feet (2021).

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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

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