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213 Lafayette Ave, Brooklyn...

Updated Dec 20, 2023

Ben Toure Acquires Multifamily Property In Clinton Hill/BK For $2.76M
SOLDMultiFamily

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.

On the Map

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$2,760,000

$557/SF

MultiFamily

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Players

Michael Lipman

Compass

Broker

$7.2M

vol

3 deals

Broker

Antoon Schollee

Seller

$4.9M

vol

2 deals

Seller
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New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $557 per square foot on a published $2.8M for 4,950 square feet (2019).

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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

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