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.
On the Map
$2,760,000
$557/SF
MultiFamily
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New York MultiFamily Market Snapshot
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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