Updated Dec 20, 2023
Ben Toure Acquires Multifamily Property In Clinton Hill/BK For $2.76M
213 Lafayette Ave, Brooklyn, NY 11238, USA
$2,760,000
$557/SF
Building Size
4,950 SF
Asset Type
MultiFamily
Closing
Sep 15, 2019
About this deal
AI
A multifamily property located at 213 Lafayette Avenue in the Clinton Hill neighborhood of Brooklyn has been sold in a closed transaction. The property spans a total of 4,950 square feet and consists of 7 units. The asking price for the property was $2,750,000 and it was ultimately sold for $2,760,000, resulting in a price per square foot of $558. The buyer of the property is Ben Toure, while the seller is Antoon Schollee. The transaction was facilitated by Mike Lipman from JLL.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,760,000
- Address: 213 Lafayette Avenue, Clinton Hill/BK
- Market: Clinton Hill/BK
- Square Footage: 4,950
- Asking Price: $2,750,000
- Sale Price: $2,760,000
- Price per Square Foot: $558
- Units: 7
- Buyer: Ben Toure
- Seller: Antoon Schollee
- Broker: Mike Lipman - JLL
The property was delivered fully vacant at the time of the transaction. This transaction serves as a testament to the vibrant real estate market in Clinton Hill, Brooklyn, and showcases the success of Mike Lipman from JLL in facilitating this multifamily property sale.
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.75%
Cash-on-Cash
-1.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93