Alfred Smyth Acquires Brooklyn Multifamily Asset From Mark Johnson For $2.3M
2802 Clarendon Road
$2,300,000
$70/SF
Building Size
32,800 SF
Asset Type
MultiFamily
Closing
Aug 20, 2025
AI
The property asset involved in the transaction is a multifamily building located at 2802 Clarendon Road in Brooklyn. It has a sale price of $2,300,000, consists of 38 units, and offers a total square footage of 32,800, resulting in a price per unit of $60,526 and a price per square foot of $70.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Units: 38
- Square Footage: 32,800
- Price Per Unit: $60,526
- Price Per Square Foot: $70
- Buyer: Alfred Smyth
- Seller: Mark Johnson
- Brokers: Aaron Jungreis, Ben Khakshoor, Alex Fuchs & Mike Kerwin - Rosewood Realty Group
The transaction was facilitated by brokers from Rosewood Realty Group, specifically Aaron Jungreis, Ben Khakshoor, Alex Fuchs, and Mike Kerwin, representing both the buyer and seller in the deal.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93