Updated Dec 20, 2023
Michael Jalkut Acquires Multifamily Property On 107 Greene Avenue In Clinton Hill, Brooklyn For $4.4M
107 Greene Avenue, Brooklyn, New York 11238, United States
$4,400,000
$1,306/SF
Building Size
3,367 SF
Asset Type
MultiFamily
Closing
Aug 11, 2022
About this deal
AI
The multifamily property located at 107 Greene Avenue in Clinton Hill, Brooklyn was sold on August 12, 2022. The property is zoned as R6B and has a floor area ratio (FAR) of 2.47. The property has a tax class of 1 and sits on a lot size of 1,363 square feet with dimensions of 20 ft x 68.17 ft. The building has a square footage of 3,367 and a building square footage (BSF) of 2,726. The price for this transaction was $4,400,000, resulting in a price per building square foot (PPBSF) of $1,614 and a price per square foot (PPSF) of $1307. The previous sale of this property took place on August 11, 2017, for a price of $2,925,000. An alteration permit was issued on April 20, 2010.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,400,000
- Market: Clinton Hill, Brooklyn
- Buyer: Michael Jalkut
- Seller: Dale Weiner
- BSF: 2,726
- PPBSF: $1,614
- SF: 3,367
- PPSF: $1307
The buyer in this transaction is Michael Jalkut, and the seller is Dale Weiner.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93