Updated Dec 4, 2024
Compass Brokers Sell Multifamily Property In Clinton Hill, Brooklyn For $5.775M
298 Dekalb Avenue
$5,775,000
$1,650/SF
Building Size
3,500 SF
Asset Type
MultiFamily
Closing
Jan 9, 2024
About this deal
AI
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
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.75%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93