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12 Clark St, Brooklyn, NY 1...

David Lloyd, Sean Lefkovits, And Lance Lefkovits Acquire Multifamily Property In Brooklyn Heights For $5.95M
SOLDMultiFamily

David Lloyd, Sean Lefkovits, And Lance Lefkovits Acquire Multifamily Property In Brooklyn Heights For $5.95M

12 Clark St, Brooklyn, NY 11201, Estados Unidos

$5,950,000

$33/SF

Building Size

180,000 SF

Asset Type

MultiFamily

Closing

Nov 1, 2020

AI

A multifamily property located at 12 Clark Street in Brooklyn Heights has been sold for $5,950,000. The building spans approximately 18,000 square feet, resulting in a price per square foot of $330. The property was purchased by David Lloyd, Sean Lefkovits, Lance Lefkovits, and Michael Niamonitakis from the seller, Paul Simon. The transaction was facilitated by Marcel Fridman from Barcel Group.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,950,000
  • Address: 12 Clark Street
  • Market: Brooklyn Heights

Davean Holdings, represented by David Lloyd, Sean Lefkovits, Lance Lefkovits, and Michael Niamonitakis, acquired the multifamily property located at 12 Clark Street in Brooklyn Heights from Paul Simon. The transaction was brokered by Marcel Fridman of Barcel Group.

Players

Marcel Fridman

Barcel Group

Broker

$456.5M

vol

142 deals

Broker

Michael Niamonitakis

Davean Holdings

Buyer

$110.8M

vol

10 deals

Buyer

Paul Simon

Seller

$22.7M

vol

3 deals

Seller

New York 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

2.67%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93