facebook
Traded Co logo
Submit

Wesley Fuller Acquires Multifamily Property On Oak Street In Greenpoint, Brooklyn For $3.8M

Property Image
SOLD
$3,800,000

New York

See Similar Deals
MultiFamily2,400 SF
Sold 06/27/2022
the dealplayerscompscontact
Property Image
SOLD

Wesley Fuller Acquires Multifamily Property On Oak Street In Greenpoint, Brooklyn For $3.8M

99 Oak Street, Brooklyn, New York 11222, United States

See Similar Deals
MultiFamily2,400 SF
Sold 06/27/2022
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,583
Total Square Footage:2,400 SF
Transaction Type:Sale

The multifamily property located at 99 Oak Street in Greenpoint, Brooklyn has been sold in a recent transaction. The sale took place on June 27, 2022, with Wesley Fuller as the buyer and Andrew C Murray as the seller. The property, with a lot size of 2,000 square feet and dimensions of 20 ft x 100 ft, is zoned as R6B and falls under tax class 1.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,800,000
  • Building Square Footage: 4,000
  • Price per Building Square Foot: $950
  • Lot Square Footage: 2,400
  • Price per Square Foot: $1,583
  • Last Sale Price: $1,785,000 (12/01/2016)
  • FAR: 1.20

The transaction involved the purchase of the multifamily property by Wesley Fuller from Andrew C Murray for a total amount of $3,800,000. The building itself spans 4,000 square feet, with a price per building square foot of $950. The lot size, on the other hand, is 2,400 square feet, resulting in a price per square foot of $1,583. The property's floor area ratio (FAR) is 1.20, and its last sale prior to this transaction was on December 1, 2016, at a price of $1,785,000.

Players

3 deals$3.8M volume
SELLER

Details

SOLD
IMAGE: 06/27/2022 ADDRESS: 99 Oak Street MARKET: Greenpoint, Brooklyn ASSET TYPE: Multifamily ~ ZONING: R6B BUYER: Wesley Fuller SELLER: Andrew C Murray PRICE: $3,800,000 BSF: 4,000 ~ PPBSF: $950 SF: 2,400 ~ PPSF: $1,583 FAR: 1.20 TAX CLASS: 1 LOT SIZE: 2,000 LAST SALE PRICE: $1,785,000 (12/01/2016) LOT DIMENSION: 20 ft x 100 ft

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)

$202,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26