SOLDMultiFamily
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
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.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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