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10 Quincy St #1J, Brooklyn,...

Ian Harris Acquires Condo In Clinton Hill For $2.35M
SOLDCo-Op

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

Ian Harris

Buyer

$5.9M

vol

3 deals

Buyer
LG
Loketch GroupSeller

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