Alma Realty Acquires 140 Clarkson Avenue Multifamily From Sentinel Real Estate For $5.1M
140 Clarkson Avenue
$5,100,000
$73/SF
Building Size
69,491 SF
Asset Type
MultiFamily
Closing
Aug 30, 2023
AI
A 59-unit residential elevator building at 140 Clarkson Avenue in Flatbush, Brooklyn has been sold for $5.1 million. The property, representing a multifamily asset, spans a total of 69,491 square feet with an average price per square foot of $73. The transaction was completed between Efstathios G. Valiotis of Alma Realty and Brian Ritter of Sentinel Real Estate.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,100,000
- Units: 59
- Price Per Unit: $86,441
- Square Feet: 69,491
- Price Per Square Foot: $73
- Buyer: Efstathios G. Valiotis - Alma Realty
- Seller: Brian Ritter - Sentinel Real Estate
Alma Realty, represented by Getty Industries LLC, acquired the 59-unit residential elevator building at 140 Clarkson Avenue in Flatbush, Brooklyn from Sentinel Real Estate's 140 Clarkson LLC for a total of $5.1 million. This transaction marks a significant development in the Flatbush market, showcasing the active involvement of prominent industry players.
Players
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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93