Woodbranch Investments sells 10-unit rental in Fort Greene for $3.4M

Ava Gerber of Saugerties, N.Y., through the entity 19 S Oxford LLC paid Woodbranch Investments Corp.’s Exton Seaway LLC (and others) $3.4 million for 19 South Oxford Street in Fort Greene. The deal closed on August 13, 2020, and was recorded on August 31, 2020. The transaction consists of 1 parcel, including the tax class multifamily, converted dwelling or rooming house (C5) and containing 10 residential units. The property is 4,400 square feet. The parcel(s) have total development potential of 4,400 square feet.
The average sale price per square foot is $761.

Jonathan Manocherian owns Woodbranch. The contract date was May 1, 2020. Gerber borrowed $2.6 million from Oceanfirst Bank for the acquisition. Manocherian bought the building on June 10, 2019, for $3,265,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link
The signatory for the buyer or lender was Ava Gerber