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211 Lafayette Ave, Clinton ...

Updated Oct 25, 2024

Ali Tabrizi, David Khaloyan, And Benjamin Esshaghian Acquire Multifamily Property In Clinton Hill, Brooklyn
SOLDMultiFamily

Ali Tabrizi, David Khaloyan, And Benjamin Esshaghian Acquire Multifamily Property In Clinton Hill, Brooklyn

211 Lafayette Ave, Clinton Hill, Brooklyn, NY, USA

$2,162,500

$368/SF

Building Size

5,875 SF

Asset Type

MultiFamily

Closing

Feb 28, 2021

About this deal

AI

A multifamily property located at 211 Lafayette Ave. in Clinton Hill, Brooklyn has been sold in a recent transaction. The property consists of 15 units with a total square footage of 5,875. The sale price for the property was $2,162,500, resulting in a price per unit of $144,166 and a price per square foot of $368.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,162,500
  • Address: 211 Lafayette Ave.
  • Units: 15
  • Square Footage: 5,875
  • Price per Unit: $144,166
  • Price per Square Foot: $368

The buyers involved in the transaction are Ali Tabrizi, David Khaloyan, and Benjamin Esshaghian. The seller of the property is Antoon Schollee. The deal was facilitated by Michael Lipman from Compass.

Players

Michael Lipman

Compass

Broker

$7.2M

vol

3 deals

Broker

Ali Tabrizi

EKT Equities, LLC

Buyer

$63.1M

vol

14 deals

Buyer

Antoon Schollee

Seller

$4.9M

vol

2 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $368 per square foot on a published $2.2M for 5,875 square feet (2021).

Visit Michael (Mike) Lipman to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.34%

Cash-on-Cash

-2.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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