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105 Cambridge Place, Brookl...

Updated Sep 26, 2024

Bradley Feingerts Acquires Clinton Hill Multifamily For $4.99M
SOLDMultiFamily

Bradley Feingerts Acquires Clinton Hill Multifamily For $4.99M

105 Cambridge Place, Brooklyn, New York 11238, United States

$4,999,999

$1,368/SF

Building Size

3,654 SF

Asset Type

MultiFamily

Closing

Oct 5, 2022

About this deal

AI

A multifamily property located at 105 Cambridge Place in Clinton Hill, Brooklyn, was recently sold for a price of $4,999,999. The property has a building square footage (BSF) of 4,200, resulting in a price per BSF (PPBSF) of $1,190. The total square footage (SF) of the property is 3,654, with a price per SF (PPSF) of $1,368. The property is zoned as R6B and falls under tax class 1. Its lot size is 2,100 square feet, with dimensions of 21 feet by 100 feet.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,999,999
  • Buyer: Bradley Feingerts
  • Seller: Stephen M. Solomon
  • Building Square Footage (BSF): 4,200
  • Price per BSF (PPBSF): $1,190
  • Total Square Footage (SF): 3,654
  • Price per SF (PPSF): $1,368
  • Market: Clinton Hill, Brooklyn
  • Last Sale Price: $3,100,000 (09/24/2013)
  • Permits: Alteration 2 (03/25/2017)
  • Lot Size: 2,100 square feet
  • Lot Dimension: 21 ft x 100 ft

The buyer of the property is Bradley Feingerts, while the seller is Stephen M. Solomon. The property was previously sold for $3,100,000 on 09/24/2013 and has had an alteration permit issued on 03/25/2017. The transaction took place in the Clinton Hill market of Brooklyn. The property's floor area ratio (FAR) is 1.74.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.4K per square foot on a published $5M for 3,654 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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