Updated Dec 9, 2025
Giannis Antetokounmpo Purchases Multifamily Property At 111 Clarkson Avenue For $14.1M
111 Clarkson Avenue
$14,098,000
$524/SF
Building Size
26,902 SF
Asset Type
MultiFamily
Closing
Nov 18, 2025
About this deal
AI
Giannis Antetokounmpo acquired a multifamily property at 111 Clarkson Avenue, located in Prospect Lefferts Gardens, Brooklyn. The transaction was completed for $14.1 million, providing a price per square foot of $524 for the 26,902-square-foot asset.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $14,098,000
- Address: 111 Clarkson Avenue
- Market: Prospect Lefferts Gardens, Brooklyn
- Square Footage: 26,902
- Price Per Square Foot: $524
- Buyer: Giannis Antetokounmpo
- Seller: Seth Brown & Richard Ludwig
This transaction involved notable individuals with Giannis Antetokounmpo representing the buyer, while the sellers were Seth Brown and Richard Ludwig, who facilitated the deal's completion.
On the Map
$14,098,000
$524/SF
MultiFamily
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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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93