Updated Dec 19, 2023
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
Loading comparables…
Deal FAQ
Browse New York multifamily sales on Traded.
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