Carlos Saavedra Acquires Multifamily Property On 170 Clinton Street In Brooklyn Heights For $4.75M
170 Clinton Street
$4,750,000
$777/SF
Building Size
6,110 SF
Asset Type
MultiFamily
Closing
Mar 7, 2023
AI
A multifamily property in Brooklyn Heights has been sold for a price of $4,750,000. The property, located at 170 Clinton Street, consists of 9 units and spans a total area of 5,483 square feet. The price per unit comes out to be $527,778, and the price per square foot is $866.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $4,750,000
- Address: 170 Clinton Street
- Market: Brooklyn Heights
- Units: 9
- Price Per Unit: $527,778
- Total Square Footage: 5,483
- Price Per Square Foot: $866
Carlos Saavedra has acquired the property from Peter & Demetrios Yatrakis. Anastasia Thanopoulos from Skyline Realty LLC represented Carlos Saavedra as the buyer's representative. On the other hand, Sean R. Kelly, Stephen Vorvolakos, Nicole Daniggelis, and Julian Montilus from Ariel Property Advisors represented the seller, Peter & Demetrios Yatrakis, in the transaction.
Players
Market 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
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93