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Colin Rusch Acquires Multifamily Property On Carlton Ave In Fort Greene For $2.7M

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SOLD
$2,700,000

New York

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MultiFamily2,660 SF
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SOLD

Colin Rusch Acquires Multifamily Property On Carlton Ave In Fort Greene For $2.7M

357 Carlton Avenue, Fort Greene, Brooklyn, NY 11238, USA

See Similar Deals
MultiFamily2,660 SF
Sold
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1015
Total Square Footage:2660 SF
Transaction Type:Sale

Located at 357 Carlton Avenue in Fort Greene, this multifamily property was recently sold in a closed transaction. The property spans 2,660 square feet and features two units. The sale price for this property was $2,700,000, resulting in a per square foot price of $1,015. The buyer of the property was Colin Rusch, while the seller was Levy Sagie. The transaction was facilitated by broker Nina Sabag from 5 Boro Realty.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,700,000
  • Address: 357 Carlton Avenue
  • Market: Fort Greene
  • Buyer: Colin Rusch
  • Seller: Levy Sagie
  • Broker: Nina Sabag - 5 Boro Realty
  • Square Footage: 2,660
  • Price Per Square Foot: $1,015
  • Units: 2
  • Previous Sale Price: $1,575,000 (11/2020)

This transaction marks a significant increase in the value of the property since its last sale in November 2020 for $1,575,000. The sale of this multifamily property showcases the continuous growth and demand for real estate in the Fort Greene market.

Players

Nina Sabag
22 deals$40.3M volume(855) 305-3325
BROKER

Details

SOLD
IMAGE: Nina Sabag DATE: 09/13/2021 ADDRESS: 357 Carlton Avenue MARKET: Fort Greene ASSET TYPE: Multifamily BUYER: Colin Rusch SELLER: Levy Sagie BROKER: Nina Sabag - 5 Boro Realty (@5_Boro_Realty) SALE PRICE: $2,700,000 SF: 2,660 ~ PPSF: $1,015 UNITS: 2 ~ PPU: $1,350,000 LAST SALE PRICE: $1,575,000 (11/2020)

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$144,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53