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107 Greene Avenue, Brooklyn...

Updated Dec 20, 2023

Michael Jalkut Acquires Multifamily Property On 107 Greene Avenue In Clinton Hill, Brooklyn For $4.4M
SOLDMultiFamily

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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Deal FAQ

About $1.3K per square foot on a published $4.4M for 3,367 square feet (2022).

Browse New York multifamily sales on Traded.

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

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