Shilian Family Acquires Multifamily Property On Clarendon Road In Brooklyn For $3,300,000
2914 Clarendon Road
$3,300,000
$108/SF
Building Size
30,400 SF
Asset Type
MultiFamily
Closing
Mar 1, 2024
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, Shilian Family, acquired the property as part of this real estate deal.
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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