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
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