Updated Dec 20, 2023
Colin Rusch Acquires Multifamily Property On Carlton Ave In Fort Greene For $2.7M
357 Carlton Avenue, Fort Greene, Brooklyn, NY 11238, USA
$2,700,000
$1,015/SF
Building Size
2,660 SF
Asset Type
MultiFamily
Closing
Sep 13, 2021
About this deal
AI
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.
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93