Updated Jun 10, 2026
Jacob Schwartz Acquires Multifamily Property At 234 Clinton Street In Cobble Hill For $10.21M
234 Clinton Street
$10,212,500
$2,042/SF
Building Size
5,000 SF
Asset Type
MultiFamily
Closing
May 21, 2026
About this deal
AI
A multifamily property located at 234 Clinton Street in Cobble Hill, Brooklyn, has been sold. The transaction involved the sale of the asset, which encompasses 5,000 square feet, for a total price of $10,212,500, resulting in a price per square foot of $2,043.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $10,212,500
- Address: 234 Clinton Street
- Market: Cobble Hill, Brooklyn
- Square Footage: 5,000
- Price per Square Foot: $2,043
- Buyer: Jacob Schwartz
- Seller: Jonathan Bauer
- Sale Date: 05/21/2026
Jacob Schwartz, acting as the buyer in this real estate transaction, acquired the property from Jonathan Bauer, who served as the seller in the deal. The transaction reflects a notable exchange of ownership within the Cobble Hill market.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Jacob Schwartz to view all their deals.
Browse Brooklyn multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.55%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93