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139 Clinton Avenue

Luis Ardon Joachim Gruet & Stephanie Botchway Of BARNES International Realty Sell Brooklyn Multifamily For $3.75M
SOLDMultiFamily

Luis Ardon Joachim Gruet & Stephanie Botchway Of BARNES International Realty Sell Brooklyn Multifamily For $3.75M

139 Clinton Avenue

$3,750,000

$652/SF

Building Size

5,750 SF

Asset Type

MultiFamily

Closing

Nov 13, 2025

AI

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.

Players

Stephanie Botchway

BARNES International Realty

Broker

$7.5M

vol

3 deals

Broker

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.23%

Cash-on-Cash

-1.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93