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45 South Oxford Street, Bro...

Updated Dec 20, 2023

Tyler Brooke Acquires Multifamily Property In Fort Greene, Brooklyn For $4.75M
SOLDMultiFamily

Tyler Brooke Acquires Multifamily Property In Fort Greene, Brooklyn For $4.75M

45 South Oxford Street, Brooklyn, New York 11217, United States

$4,750,000

$1,173/SF

Building Size

4,048 SF

Asset Type

MultiFamily

Closing

Feb 2, 2022

About this deal

AI

The multifamily property located at 45 South Oxford Street in Fort Greene, Brooklyn, was recently sold in a transaction that took place on February 3, 2022. The asset, with a zoning designation of R6B, was purchased by Tyler Brooke from Nigel Cree for a total price of $4,750,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,750,000
  • Address: 45 South Oxford Street, Fort Greene, Brooklyn
  • Market: Fort Greene, Brooklyn
  • Zoning: R6B

The property spans a total square footage of 4,048, with a building square footage (BSF) of 4,400. This results in a price per building square footage (PPBSF) of $1,079. The price per square foot (PPSF) for the property is $1,173.

The lot size of the property is 2,200, with dimensions measuring 22 ft x 100 ft. The current tax class for the property is 1. The previous sale of the property was on June 20, 2003, for a price of $1,335,000. An alteration permit was issued on November 18, 2003.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.2K per square foot on a published $4.8M for 4,048 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.34%

Cash-on-Cash

-0.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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