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139 Clinton Avenue, Clinton...

James Glassman's Multifamily In Clinton Hill Sold For $3.2M With Brokers Shaun Riney & Andrew Bronsteen
SOLDMultiFamily

James Glassman's Multifamily In Clinton Hill Sold For $3.2M With Brokers Shaun Riney & Andrew Bronsteen

139 Clinton Avenue, Clinton Hill, Brooklyn, NY, USA

$3,200,000

$510/SF

Building Size

6,275 SF

Asset Type

MultiFamily

Closing

Apr 5, 2021

AI

Located in Clinton Hill, the multifamily property at 139 Clinton Avenue recently changed hands in a sale transaction. The property consists of 5 units spanning across a total area of 6,275 square feet. The sale price for this transaction was $3,200,000, resulting in a price per unit of $640,000 and a price per square foot of $510.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,200,000
  • Address: 139 Clinton Avenue
  • Market: Clinton Hill

The seller of this property was James Glassman from SKW Funding. Shaun Riney and Andrew Bronsteen from New York Multifamily and Marcus & Millichap respectively represented the buyer in this deal.

With its prime location in Clinton Hill and its attractive characteristics, including a total area of 6,275 square feet divided into 5 units, this multifamily property at 139 Clinton Avenue garnered a sale price of $3,200,000. The transaction was facilitated by James Glassman from SKW Funding, while Shaun Riney and Andrew Bronsteen from New York Multifamily and Marcus & Millichap respectively acted as brokers representing the buyer.

Players

Andrew Bronsteen

Marcus & Millichap

Broker

$276.4M

vol

67 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.9B

vol

374 deals

Broker
SF
SKW FundingSeller

New York 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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93