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10 Quincy Street, Brooklyn,...

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

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

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

$2,350,000

$1,711/SF

Building Size

1,373 SF

Asset Type

Closing

Sep 8, 2022

AI

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

Bernardo Metsch

Broker

$39.3M

vol

9 deals

Broker

Ian Harris

Buyer

$5.9M

vol

3 deals

Buyer
LG
Loketch GroupSeller

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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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