facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Multifamily

/

Sale

/

123 St James Pl, Brooklyn, ...

Updated Sep 9, 2024

Hisham Modine Acquires Multifamily Property In Clinton Hill, Brooklyn For $2.5M
SOLDMultiFamily

Hisham Modine Acquires Multifamily Property In Clinton Hill, Brooklyn For $2.5M

123 St James Pl, Brooklyn, Ny 11238, Usa

$2,500,000

$744/SF

Building Size

3,360 SF

Asset Type

MultiFamily

Closing

Apr 29, 2020

About this deal

AI

The multifamily property located at 123 St. James Place in Clinton Hill, Brooklyn has been sold for a price of $2,500,000. The property spans a total area of 3,360 square feet, resulting in a price per square foot of $744. The sale was facilitated by brokers Derek Bestreich, Luke Sproviero, Adam Lobel, and Daniel Shawah from Bestreich Realty Group. The transaction involved the seller, Donna Brooks, and the buyer, Hisham Modine.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,500,000
  • Square Footage: 3,360
  • Price per Square Foot: $744
  • Address: 123 St. James Place, Clinton Hill, Brooklyn
  • Market: Clinton Hill, Brooklyn
  • Seller: Donna Brooks
  • Buyer: Hisham Modine
  • Brokers: Derek Bestreich, Luke Sproviero, Adam Lobel, and Daniel Shawah – Bestreich Realty Group

The involvement of Derek Bestreich, Luke Sproviero, Adam Lobel, and Daniel Shawah from Bestreich Realty Group played a crucial role in facilitating this transaction. Their expertise and negotiation skills contributed to the successful closing of the deal.

Players

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$628.5M

vol

147 deals

Broker

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $744 per square foot on a published $2.5M for 3,360 square feet (2020).

Visit Luke Sproviero to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets