Alpha Realty Brokers Sell Flatbush Multifamily Property For $8.25M
SOLD
New York
See Similar DealsMultiFamily22,020 SF
Sold 04/08/2022
SOLD
Alpha Realty Brokers Sell Flatbush Multifamily Property For $8.25M
2203 Clarendon Road, Brooklyn, New York 11226, United States
See Similar DealsMultiFamily22,020 SF
Sold 04/08/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$374
Total Square Footage:22,020 SF
Transaction Type:Sale
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
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$439,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,310.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,109.21
Annual Debt Service$469,310.51
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