Updated Oct 29, 2024
Greenbrook Properties Acquires Multifamily In Clinton Hill, Brooklyn For $1.85M
461 Classon Avenue
$1,850,000
$513/SF
Building Size
3,600 SF
Asset Type
MultiFamily
Closing
Mar 16, 2023
About this deal
AI
The multifamily property located at 461 Classon Avenue in Clinton Hill, Brooklyn has been sold in a closed transaction. The property consists of 4 units, with a total square footage of 3,600. The sale price for the property was $1,850,000, resulting in a price per unit of $462,500 and a price per square foot of $514.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,850,000
- Address: 461 Classon Avenue, Clinton Hill, Brooklyn
- Market: Clinton Hill, Brooklyn
- Buyer: Greenbrook Properties
- Seller: Majorie Byers
- Brokers: Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, and Samantha Katz - Investment Property Realty Group (IPRG)
- Units: 4 ~ PPU: $462,500
- SF: 3,600 ~ PPSF: $514
The deal was facilitated by the expertise of Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, and Samantha Katz from Investment Property Realty Group (IPRG). Their knowledge and experience in the market played a crucial role in successfully closing the transaction.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Toby Waring to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93