Updated May 26, 2026
293 Grand Ave Realty LLC Acquires Multifamily Property From Michael Saperstein & Adam Ramer For $4.5M
293 Grand Avenue
$4,500,000
$428/SF
Building Size
10,500 SF
Asset Type
MultiFamily
Closing
May 4, 2026
About this deal
AI
A multifamily property located at 293 Grand Avenue in Clinton Hill, Brooklyn has been sold for $4.5 million. The property encompasses 10,500 square feet, achieving a price per square foot of $429. The transaction was finalized on May 4, 2026.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,500,000
- Sale Date: 05/04/2026
- Address: 293 Grand Avenue
- Market: Clinton Hill, Brooklyn
- Square Footage: 10,500
- Price Per Square Foot: $429
- Buyer: 293 Grand Ave Realty LLC
- Seller: Michael Saperstein & Adam Ramer
The buyer, 293 Grand Ave Realty LLC, engaged in the acquisition of the property from sellers Michael Saperstein and Adam Ramer. The successful closure of this transaction marks a significant addition to the buyer's portfolio in the multifamily sector.
Players
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93