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
About this deal
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:
- Property Type: Multifamily
- Transaction Amount: $4,150,000
- Address: 112-114 Lexington Avenue
- Market: Clinton Hill, Brooklyn
- Buyer: Ariel Shalom
- Seller: Ezekiel Witherspoon Sr.
- BROKERS: Shaun Riney, Andrew Bronsteen & Daniel Greenblatt - Marcus & Millichap
- BSF: 17,200
- PPBSF: $241
- Zoning: R6A/R6B
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.
On the Map
$4,150,000
$412/SF
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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