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Giannis Antetokounmpo Purchases Multifamily Property At 111 Clarkson Avenue For $14.1M
SOLD
$14,098,000
New York
See Similar DealsMultiFamily26,902 SF
Sold 11/18/2025
SOLD
Giannis Antetokounmpo Purchases Multifamily Property At 111 Clarkson Avenue For $14.1M
111 Clarkson Avenue
See Similar DealsMultiFamily26,902 SF
Sold 11/18/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$524
Total Square Footage:26,902 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$751,893.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$50,087.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,831.71
Annual Debt Service$801,980.55
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