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320 Carlton Avenue, Fort Gr...

Updated Dec 21, 2023

Tomer Blechman Acquires Multifamily Property In Fort Greene, Brooklyn For $3.7M
SOLDMultiFamily

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

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.4K per square foot on a published $3.7M for 2,736 square feet (2021).

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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

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