Updated Dec 21, 2023
James Rutherford Acquires Multifamily Property In Clinton Hill, Brooklyn For $3.2M
187 Waverly Avenue, Brooklyn, New York 11205, United States
$3,219,500
$966/SF
Building Size
3,330 SF
Asset Type
MultiFamily
Closing
Jan 23, 2022
About this deal
AI
The multifamily property located at 187 Waverly Avenue in Clinton Hill, Brooklyn has been sold for $3,219,500. The property has a total of 3,330 square feet, resulting in a price per square foot of $966. The lot size is 2,215 square feet, with dimensions of 22 feet by 100.67 feet. The zoning classification for the property is R8B.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,219,500
- Market: Clinton Hill, Brooklyn
- Address: 187 Waverly Avenue
- Buyer: James Rutherford
- Seller: Patricia Hunter-Bunyan
- Price per Square Foot: $966
- Lot Size: 2,215 square feet
- Lot Dimensions: 22 ft x 100.67 ft
James Rutherford was the buyer in this transaction, while Patricia Hunter-Bunyan acted as the seller. Both parties were represented by their respective brokers.
Players
New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.93%
Cash-on-Cash
-1.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93