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298 Dekalb Avenue

Compass Brokers Sell Multifamily Property In Clinton Hill, Brooklyn For $5.775M
SOLDMultiFamily

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

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

Joshua Wesoky

Compass

Broker

$107.3M

vol

4 deals

Broker

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

2.75%

Cash-on-Cash

-0.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93