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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.

Players

Michael Lipman

Compass

Broker

$7.2M

vol

3 deals

Broker

Antoon Schollee

Seller

$4.9M

vol

2 deals

Seller

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).

Visit Michael (Mike) Lipman to view all their deals.

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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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