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
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.
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