Shilian Family Acquires Multifamily Property On Clarendon Road In Brooklyn For $3,300,000
SOLD
$3,300,000
New York
See Similar DealsMultiFamily30,400 SF
Sold 03/01/2024
SOLD
Shilian Family Acquires Multifamily Property On Clarendon Road In Brooklyn For $3,300,000
2914 Clarendon Road
See Similar DealsMultiFamily30,400 SF
Sold 03/01/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$108
Total Square Footage:30,400 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
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