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Ian Harris Acquires Condo In Clinton Hill For $2.35M

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SOLD
$2,350,000

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Co-Op1,373 SF
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SOLD

Ian Harris Acquires Condo In Clinton Hill For $2.35M

10 Quincy St #1J, Brooklyn, NY 11238, USA

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Co-Op1,373 SF
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Summary

Asset Type:Co-Op
Price Per Square Foot:$1,711
Total Square Footage:1,373 SF
Transaction Type:Sale

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

3 deals$5.9M volume
BUYER

SELLER

Details

SOLD
IMAGE: Beni Metsch DATE: 09/09/2022 ADDRESS: 10 Quincy St MARKET: Clinton Hill ASSET TYPE: Condo BUYER: Ian Harris SELLER: Loketch Group BUYER'S REP: Beni Metsch (@BenitheBroker) - Atelier WM LLC SELLER'S REP: Deborah Rieders SALE PRICE: $2,350,000 SF: 1,373 ~ PPSF: $1,712 NOTE FROM BROKER: 1J is the largest unit at 10 Quincy Street, a meticulously restored, curated collection of 46 loft spaces in a mix of one, two, and three-bedrooms, all with ceiling heights ranging from 11’ to 14’. Unit 1J is a dramatic 3 bed, 2.5 bath home with an expansive terrace, super high 14’ ceilings, and a driveway with private parking.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,349.06
Cash-on-Cash Return-1.27%
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