Davean Holdings Acquires Multifamily Property In Brooklyn Heights For $5.95M
12 Clark Street, Brooklyn, NY 11201
$5,950,000
$330/SF
Building Size
18,000 SF
Asset Type
MultiFamily
Closing
Nov 1, 2020
AI
An 18,000 square foot multifamily property located at 12 Clark Street in Brooklyn Heights was recently sold for $5,950,000. The property was acquired by David Lloyd, Sean Lefkovits, Lance Lefkovits, and Michael Niamonitakis of Davean Holdings from seller Paul Simon. The transaction was facilitated by Marcel Fridman of Barcel Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,950,000
- Address: 12 Clark Street, Brooklyn Heights
- Market: Brooklyn Heights
- Buyer: David Lloyd, Sean Lefkovits, Lance Lefkovits, Michael Niamonitakis of Davean Holdings
- Seller: Paul Simon
- Broker: Marcel Fridman - Barcel Group
The acquisition of this multifamily property in Brooklyn Heights was completed by David Lloyd, Sean Lefkovits, Lance Lefkovits, and Michael Niamonitakis. The transaction was facilitated through the expertise of Marcel Fridman from Barcel Group, who represented the buyer in the deal.
Players
New York 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
2.67%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93