Updated Feb 16, 2024
Alpha Realty Brokers Sell Flatbush Multifamily Property For $8.25M
2203 Clarendon Road, Brooklyn, New York 11226, United States
$8,250,000
$374/SF
Building Size
22,020 SF
Asset Type
MultiFamily
Closing
Apr 7, 2022
About this deal
AI
A multifamily property located at 2203 Clarendon Rd in Flatbush has been sold for $8,250,000. The property spans across 22,025 square feet, resulting in a price per square foot of $374.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,250,000
- Address: 2203 Clarendon Rd
- Market: Flatbush
The transaction was facilitated by brokers Lev Mavashev, Yehuda Leser, and Ben Normatov of Alpha Realty.
The multifamily sale at 2203 Clarendon Road, Brooklyn, New York 11226, United States in New York, New York sold for $8.3M in 2022. The building is 22,020 square feet, implying about 374 per square foot on the published price. Ben Normatov, Yehuda Leser, Lev Mavashev, Alpha Realty appear on the sale alongside Alpha Realty. This page is the New York, New York file for the 2203 Clarendon Road, Brooklyn, New York 11226, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 2203 Clarendon Road, Brooklyn, New York 11226, United States around 2022. Published consideration for 2203 Clarendon Road, Brooklyn, New York 11226, United States is $8.3M, dated 2022. Cite this Alpha Realty Brokers Sell Flatbush Multifamily Property For $8.25M sale when underwriting similar multifamily product around New York, New York.
Players
New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.92%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93