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112 Lexington Avenue, Brook...

Ariel Shalom Acquires Multifamily Property In Clinton Hill, Brooklyn For $4.15M
SOLD

Ariel Shalom Acquires Multifamily Property In Clinton Hill, Brooklyn For $4.15M

112 Lexington Avenue, Brooklyn, New York 11238, United States

$4,150,000

$412/SF

Building Size

10,050 SF

Asset Type

Closing

Feb 27, 2022

AI

A multifamily property located at 112-114 Lexington Avenue in Clinton Hill, Brooklyn has been sold for a price of $4,150,000. The property has a building square footage of 17,200 with a price per square foot (PPSF) of $241. The sale took place on February 28, 2022.

Summary of transaction details:

Ariel Shalom is the buyer of the property, while Ezekiel Witherspoon Sr. is the seller. The transaction was facilitated by brokers Shaun Riney, Andrew Bronsteen, and Daniel Greenblatt from Marcus & Millichap.

Players

Andrew Bronsteen

Marcus & Millichap

Broker

$271M

vol

65 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker
Ariel Shalom

Ariel Shalom

Buyer

$30.8M

vol

8 deals

Buyer

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

3.82%

Cash-on-Cash

-1.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93