Alfred Smyth Acquires Brooklyn Multifamily Asset From Mark Johnson For $2.3M
SOLD
$2,300,000
+ 1
New York
See Similar DealsMultiFamily32,800 SF
Sold 08/21/2025
SOLD
Alfred Smyth Acquires Brooklyn Multifamily Asset From Mark Johnson For $2.3M
2802 Clarendon Road
See Similar DealsMultiFamily32,800 SF
Sold 08/21/2025
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$70
Total Square Footage:32,800 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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