Luis Ardon Joachim Gruet & Stephanie Botchway Of BARNES International Realty Sell Brooklyn Multifamily For $3.75M
SOLD
$3,750,000
New York
See Similar DealsMultiFamily5,750 SF
Sold 11/14/2025
SOLD
Luis Ardon Joachim Gruet & Stephanie Botchway Of BARNES International Realty Sell Brooklyn Multifamily For $3.75M
139 Clinton Avenue
See Similar DealsMultiFamily5,750 SF
Sold 11/14/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$652
Total Square Footage:5,750 SF
Transaction Type:Sale
The asset involved in this transaction is a multifamily property located at 139 Clinton Avenue, Brooklyn. The sale price of the property was $3,750,000, encompassing a total of 5 units. The property covers a square footage of 5,750, resulting in a price per unit of $750,000 and a price per square foot of $652.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,750,000
- Units: 5
- Price per Unit: $750,000
- Square Footage: 5,750
- Price per Square Foot: $652
- Date of Transaction: 09/04/2025
In this transaction, the brokers representing the deal were Luis Ardon, Joachim Gruet, and Stephanie Botchway from BARNES International Realty. Notably, this transaction was a joint-venture free market to condominium conversion.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$199,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,322.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,776.91
Annual Debt Service$213,322.96
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