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Ian Harris Acquires Condo At 10 Quincy St In Clinton Hill For $2.35M

Property Image
SOLD
$2,350,000
Bernardo (Beni) Metsch

New York

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1,373 SF
Sold 09/09/2022
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Property Image
SOLD

Ian Harris Acquires Condo At 10 Quincy St In Clinton Hill For $2.35M

10 Quincy Street, Brooklyn, New York 11238, United States

See Similar Deals
1,373 SF
Sold 09/09/2022
Bernardo (Beni) Metsch
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Summary

NEW YORK
Price Per Square Foot:$1,711
Total Square Footage:1,373 SF
Transaction Type:Sale

Located at 10 Quincy St in Clinton Hill, this condominium unit was sold in a closed transaction. The property, a condo, spans 1,373 square feet and is part of a meticulously restored collection of 46 loft spaces. The unit features 3 bedrooms, 2.5 bathrooms, and impressive 14' ceilings. It also boasts an expansive terrace and a driveway with private parking. The sale price for this property was $2,350,000, resulting in a price per square foot of $1,712.

Summary of Transaction Details

  • Property Type: Condo
  • Sale Price: $2,350,000
  • Square Footage: 1,373
  • Price Per Square Foot: $1,712
  • Address: 10 Quincy St, Clinton Hill

In this transaction, Ian Harris acted as the buyer, acquiring the property from the seller, Loketch Group. Beni Metsch, representing Atelier WM LLC, served as the buyer's representative. Deborah Rieders acted as the seller's representative in the deal.

Players

9 deals$39.3M volume
BROKER



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 (@Loketch_Group) BUYER'S REP: Beni Metsch (@BenitheBroker) - Atelier WM LLC (@Atelier.By.WM) 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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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$125,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,349.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,140.20
Annual Debt Service$133,682.39