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234 Clinton Street

Updated Jun 10, 2026

Jacob Schwartz Acquires Multifamily Property At 234 Clinton Street In Cobble Hill For $10.21M
SOLDMultiFamily

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

Jacob Schwartz

Buyer

$15M

vol

2 deals

Buyer

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $2K per square foot on a published $10.2M for 5,000 square feet (2026).

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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

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