Compass Brokers Sell Multifamily Property In Clinton Hill, Brooklyn For $5.775M
SOLD
$5,775,000
New York
See Similar DealsMultiFamily3,500 SF
Sold 01/09/2024
SOLD
Compass Brokers Sell Multifamily Property In Clinton Hill, Brooklyn For $5.775M
298 Dekalb Avenue
See Similar DealsMultiFamily3,500 SF
Sold 01/09/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,650
Total Square Footage:3,500 SF
Transaction Type:Sale
The multifamily property located at 298 Dekalb Avenue in Clinton Hill, Brooklyn has been sold for a total price of $5,775,000. The property consists of 2 units, with a per unit price of $2,887,500. It spans across 3,500 square feet, resulting in a price per square foot of $1,650.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,775,000
- Units: 2
- Per Unit Price: $2,887,500
- Square Footage: 3,500
- Price per Square Foot: $1,650
- Address: 298 Dekalb Avenue, Clinton Hill, Brooklyn
The sale of this property was facilitated by Steve Schaefer and Joshua Wesoky from Compass as the seller's representatives.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$307,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,517.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,376.45
Annual Debt Service$328,517.36
Is there something missing? Send suggestions