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

Property Image
SOLD
$3,200,000

New York

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MultiFamily6,275 SF
Sold 04/06/2021
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Property Image
SOLD

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

See Similar Deals
MultiFamily6,275 SF
Sold 04/06/2021
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$510
Total Square Footage:6,275 SF
Transaction Type:Sale

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
64 deals$257.5M volume
BROKER

Shaun Riney
Marcus & Millichap
355 deals$1.8B volume(718) 475-4369
BROKER

SELLER

Details

SOLD
IMAGE: Andrew Bronsteen, James Glassman & Shaun Riney DATE: 04/06/2021 ADDRESS: 139 Clinton Avenue MARKET: Clinton Hill ASSET TYPE: Multifamily SELLER: James Glassman - SKW Funding BROKERS: Shaun Riney (@ShaunRiney1) & Andrew Bronsteen (@BKBronsteen) @NewYorkMultifamily @MarcusMillichap_NY SALE PRICE: $3,200,000 UNITS: 5 ~ PPU: $640,000 SF: 6,275 ~ PPSF: $510

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
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