Updated Oct 29, 2024
Bluejay Management Acquires Multifamily Property In Flatbush, Brooklyn For $6.5M
2802 Clarendon Road, Brooklyn, NY, USA
$6,485,000
$197/SF
Building Size
32,800 SF
Asset Type
MultiFamily
Closing
May 14, 2019
About this deal
AI
Bluejay Management has acquired a multifamily property in Flatbush, Brooklyn. The property, located at 2802 Clarendon Road, spans 32,800 square feet.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,485,000
- Address: 2802 Clarendon Road, Flatbush, Brooklyn
- Market: Flatbush, Brooklyn
The seller, Mitchell Hill, sold the property to Bluejay Management at a final sale price of $6,485,000. The transaction was facilitated by the seller's representative, Shlomo Antebi, and the buyer's representative, Yosef Katz.
The multifamily sale at 2802 Clarendon Road, Brooklyn, NY, USA in New York, New York sold for $6.5M in 2019. The building is 32,800 square feet, implying about 197 per square foot on the published price. Yosef Katz, Shlomo Antebi, Atlas Realty Group appear on the sale alongside Atlas Realty Group. This page is the New York, New York file for the 2802 Clarendon Road, Brooklyn, NY, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 2802 Clarendon Road, Brooklyn, NY, USA around 2019. Published consideration for 2802 Clarendon Road, Brooklyn, NY, USA is $6.5M, dated 2019. Cite this Bluejay Management Acquires Multifamily Property In Flatbush, Brooklyn For $6.5M sale when underwriting similar multifamily product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.45%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93