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2914 Clarendon Road

Shilian Family Acquires Multifamily Property On Clarendon Road In Brooklyn For $3,300,000
SOLDMultiFamily

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.

Players

Avraham Birnbaum

Twelve Stones Realty

Broker

$44.7M

vol

24 deals

Broker

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