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
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