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109 Cambridge Place

Mary Meyer Sells Multifamily Property For $3.5M With Brokers Devin Someck, Doug Bowen & Zia OHara
SOLDMultiFamily

Mary Meyer Sells Multifamily Property For $3.5M With Brokers Devin Someck, Doug Bowen & Zia OHara

109 Cambridge Place

$3,500,000

$1,000/SF

Building Size

3,500 SF

Asset Type

MultiFamily

Closing

Jan 22, 2024

AI

The multifamily property located at 109 Cambridge Place in Clinton Hill, Brooklyn has been sold for a price of $3,500,000. The property consists of 3 units, with an average price per unit of $1,166,667. The total square footage of the property is 3,500, resulting in an average price per square foot of $1,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,500,000
  • Units: 3
  • Price per Unit: $1,166,667
  • Square Footage: 3,500
  • Price per Square Foot: $1,000
  • Address: 109 Cambridge Place, Clinton Hill, Brooklyn

The seller of the property is Mary Meyer. The deal was facilitated by two broker representatives. Devin Someck from Living New York and Doug Bowen & Zia OHara from Douglas Elliman were the brokers involved in the transaction.

Players

Devin Someck

Living New York

Broker

$80.5M

vol

15 deals

Broker

Brooklyn 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

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93