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195 St James Pl, Clinton Hi...

Updated Dec 19, 2023

Yannick Alege Acquires Multifamily Property On St James Place In Clinton Hill, Brooklyn For $3.99M
SOLDMultiFamily

Yannick Alege Acquires Multifamily Property On St James Place In Clinton Hill, Brooklyn For $3.99M

195 St James Pl, Clinton Hill, Brooklyn, NY, USA

$3,990,000

$967/SF

Building Size

4,125 SF

Asset Type

MultiFamily

Closing

May 11, 2021

About this deal

AI

The multifamily property located at 195 St James Place in Clinton Hill, Brooklyn has recently been sold. The transaction took place on May 12, 2021. The property is zoned as R6B and has a floor area ratio (FAR) of 1.65. The tax class of the property is 1.

Summary of Transaction Details:

  • Property Type: Multifamily
  • Transaction Amount: $3,990,000
  • Building Square Footage: 4,125
  • Price Per Square Foot: $967
  • Land Area: 2,483 square feet
  • Permits: Alteration type 1 (issued on 08/15/2020)
  • Lot Dimensions: 25 ft x 100 ft

The buyer of the property is Yannick Alege, while the seller is Andy Alege. The building has a total of 5,000 square feet of buildable space, resulting in a price per buildable square foot of $798. The lot size of the property is 2,483 square feet.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $967 per square foot on a published $4M for 4,125 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.98%

Cash-on-Cash

-1.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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