David Lloyd, Sean Lefkovits, And Lance Lefkovits Acquire Multifamily Property In Brooklyn Heights For $5.95M
SOLD
$5,950,000
New York
See Similar DealsMultiFamily180,000 SF
Sold 11/02/2020
SOLD
David Lloyd, Sean Lefkovits, And Lance Lefkovits Acquire Multifamily Property In Brooklyn Heights For $5.95M
12 Clark St, Brooklyn, NY 11201, Estados Unidos
See Similar DealsMultiFamily180,000 SF
Sold 11/02/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$33
Total Square Footage:180,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$317,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,139.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,206.04
Annual Debt Service$338,472.43
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