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
Brooklyn 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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93