Mixed-use Property At 39 Clifton Place In Clinton Hill Sold For $4.45M By Brokers Shaun Riney & Andrew Bronsteen
39 Clifton Place
$4,450,000
$890/SF
Building Size
5,000 SF
Asset Type
Mixed-use
Closing
Jul 27, 2026
AI
This property is a mixed-use asset located at 39 Clifton Place in the Clinton Hill neighborhood of Brooklyn. The sale was completed for $4,450,000, encompassing a total square footage of 5,000, which translates to a price per square foot of $890.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,450,000
- Square Footage: 5,000
- Price per Square Foot: $890
- Address: 39 Clifton Place
- Market: Clinton Hill, Brooklyn
- Brokers: Shaun Riney & Andrew Bronsteen - Marcus & Millichap
Shaun Riney and Andrew Bronsteen represented the transaction as brokers from Marcus & Millichap, facilitating the sale of the property. Their involvement was crucial in navigating the complexities of the deal.
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.56%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93