Updated Dec 4, 2024
Acquires Multifamily Property On Clarendon Road In Brooklyn For $3,300,000
2914 Clarendon Road
$3,300,000
$108/SF
Building Size
15,200 SF
Asset Type
MultiFamily
Closing
Mar 1, 2024
About this deal
AI
The multifamily property located at 2908-2910-2914 Clarendon Road in East Flatbush, Brooklyn, was recently sold for $3,300,000. The property comprises 18 units with a total square footage of 15,200. The price per unit equated to $183,333, while the price per square foot was $217.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,300,000
- Units: 18
- Price per Unit: $183,333
- Square Footage: 15,200
- Address: 2908-2910-2914 Clarendon Road
- Market: East Flatbush, Brooklyn
The sale was facilitated by Avraham Birnbaum of Twelve Stones Realty, representing the seller, Avi Rodin, in the transaction. The buyer, , acquired the property as part of this real estate deal.
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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93