Updated Dec 20, 2023
Bestreich Realty Group Represents Seller In $2.22M Multi-Family Sale In Flatbush, Brooklyn
3010 Clarendon Rd, Brooklyn, NY 11226, USA
$2,220,000
$162/SF
Building Size
13,688 SF
Asset Type
MultiFamily
Closing
Apr 21, 2020
About this deal
AI
A multifamily property located at 3010 Clarendon Road in Flatbush, Brooklyn has been sold for $2,220,000. The property spans 13,688 square feet, resulting in a price per square foot of $162. It consists of 20 units, with a price per unit of $111,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,220,000
- Address: 3010 Clarendon Road, Flatbush, Brooklyn
- Market: Flatbush, Brooklyn
- Square Footage: 13,688
- Price per Square Foot: $162
- Number of Units: 20
- Price per Unit: $111,000
Derek Bestreich, Steve Reynolds, Tom Reynolds, and Brian Underkofler from Bestreich Realty Group represented the seller, Paul Aronofsky, in this transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.15%
Cash-on-Cash
-2.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93