Ian Harris Acquires Condo In Clinton Hill For $2.35M
10 Quincy St #1J, Brooklyn, NY 11238, USA
$2,350,000
$1,711/SF
Building Size
1,373 SF
Asset Type
Co-Op
Closing
Oct 29, 2022
AI
Located in Clinton Hill, the property at 10 Quincy Street recently changed hands in a closed sale transaction. The buyer, Ian Harris, purchased the condo from the seller, Loketch Group, for a price of $2,350,000. This Condo is spread across an area of 1,373 square feet, resulting in a per square foot price of $1,712.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,350,000
- Address: 10 Quincy St, Clinton Hill
Beni Metsch from Atelier WM LLC represented the buyer, Ian Harris, in the deal. On the seller's side, Deborah Rieders acted as the seller's representative.
Notably, unit 1J at 10 Quincy Street stands out as the largest unit within the meticulously restored collection of 46 loft spaces. This particular unit boasts three bedrooms and two-and-a-half bathrooms. It also features an expansive terrace, 14-foot high ceilings, and a driveway with private parking. The property's distinguishing characteristics, along with its attractive location, contributed to its appeal in the market.
Players
Market Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93