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64 South Oxford Street

Spur House Partners Facilitates $4M Multifamily Sale In Fort Greene, Brooklyn
SOLDMultiFamily

Spur House Partners Facilitates $4M Multifamily Sale In Fort Greene, Brooklyn

64 South Oxford Street

$4,000,000

$615/SF

Building Size

6,500 SF

Asset Type

MultiFamily

Closing

Feb 15, 2024

AI

The multifamily property located at 64 South Oxford Street in Fort Greene, Brooklyn, was recently sold for $4,000,000. This property consists of 10 units with a price-per-unit of $400,000. The total square footage of the property is 6,500, resulting in a price per square foot of $615.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,000,000
  • Units: 10
  • Price Per Unit: $400,000
  • Square Footage: 6,500
  • Price Per Square Foot: $615
  • Address: 64 South Oxford Street
  • Market: Fort Greene, Brooklyn

Shlomo Gelernter from Spur House Partners played a pivotal role in this successful real estate transaction, representing both the buyer and the seller. The team at Spur House Partners prides itself on their commitment to excellence and unparalleled expertise in the industry. They focus on not just closing deals but also on building lasting relationships with their clients and delivering remarkable results. The brokerage is actively seeking ambitious brokers to join their team and aims to make real estate dreams a reality for their clients.

Players

Shlomo Gelernter

Spur House Partners

Broker

$22M

vol

4 deals

Broker

Brooklyn 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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93