facebook
Traded Co logo
Submit

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

Property Image
SOLD
$4,000,000

New York

See Similar Deals
MultiFamily6,500 SF
Sold 02/15/2024
the dealplayerscompscontact
Property Image
SOLD

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

64 South Oxford Street

See Similar Deals
MultiFamily6,500 SF
Sold 02/15/2024
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$615
Total Square Footage:6,500 SF
Transaction Type:Sale

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
4 deals$22M volume
BROKER

Details

SOLD
IMAGE: Shlomo Gelernter DATE: 02/15/2024 ADDRESS: 64 South Oxford Street MARKET: Fort Greene, Brooklyn ASSET TYPE: Multifamily SELLER: Jacob Marciano BROKERS: Shlomo Gelernter (@Shlooshlo) - Spur House Partners (@SpurHousePartners) SALE PRICE: $4,000,000 UNITS: 10 ~ PPU: $400,000 SF: 6,500 ~ PPSF: $615 NOTE FROM BROKER: Another successful real estate transaction has been closed by Spur House Partners! 🎊 We're thrilled to announce that we've represented both the buyer and seller in this fantastic deal, showcasing our commitment to excellence and unparalleled expertise in the industry. 🤝 At Spur House Partners, we're not just about closing deals; we're about forging lasting relationships and achieving remarkable results for our clients. With a dynamic team at the helm, we bring a fresh perspective and innovative approach to every transaction. 💼✨ Looking to buy, sell, or join our vibrant team of go-getters? Don't hesitate to reach out! 📩 Drop us a line at [email protected] to explore your options. 🚀 Whether you're a seasoned pro or a budding talent, we're actively seeking ambitious brokers who share our passion for real estate success. 💪💼 Let's make your real estate dreams a reality together! 🌟

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$213,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49