Updated Oct 29, 2024
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
About this deal
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.
On the Map
$5,950,000
$33/SF
MultiFamily
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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