Updated Dec 20, 2023
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
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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