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.
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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