Updated Dec 19, 2023
Alferd Thompson Sells Vacant Multifamily In Clinton Hill For $10.25M
1079 Fulton Street, Clinton Hill, Brooklyn, NY 11238, USA
$10,250,000
$394/SF
Building Size
26,000 SF
Asset Type
MultiFamily
Closing
Oct 15, 2021
About this deal
AI
A vacant multifamily property located at 1079 Fulton Street in Clinton Hill has been sold for $10,250,000. The property consists of 30 units with an average price per unit of $341,666. The total square footage is approximately 26,000, resulting in a price per square foot of $394.
Summary of transaction details
- Property Type: Vacant Multifamily
- Transaction Amount: $10,250,000
- Address: 1079 Fulton Street, Clinton Hill
- Market: Clinton Hill
The seller of the property is Alferd Thompson. The deal was facilitated by Lev Mavashev and Eli Yusopov of Alpha Realty.
Players
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.55%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93