Updated Dec 21, 2023
Tomer Blechman Acquires Multifamily Property In Fort Greene, Brooklyn For $3.7M
320 Carlton Avenue, Fort Greene, Brooklyn, NY, USA
$3,700,000
$1,352/SF
Building Size
2,736 SF
Asset Type
MultiFamily
Closing
Oct 26, 2021
About this deal
AI
Located at 320 Carlton Avenue in Fort Greene, Brooklyn, this multifamily property was recently sold in a closed transaction on October 27, 2021. The property has a zoning designation of R6B and sits on a lot size of 1,900 square feet. With a total square footage of 2,736, the property offers ample space for its residents.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,700,000
- Price per Square Foot (PPSF): $1,352
- Building Square Footage (BSF): 3,800
- Price per Building Square Foot (PPBSF): $973
- Floor Area Ratio (FAR): 1.44
- Tax Class: 1
- Last Sale Price: $1,450,000 (04/12/2007)
- Permits: Alteration 2 (10/11/2017)
- Lot Dimension: 19 ft x 100 ft
Tomer Blechman acted as the buyer in this transaction, while Sam Shaffer was the seller. The property's sale price of $3,700,000 represents a significant increase from its last sale price of $1,450,000 in 2007. The property also underwent an alteration permit in 2017, indicating potential renovations or updates.
Players
New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93