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329 Washington Avenue, Clin...

Updated Dec 21, 2023

Abraham Turetsky Acquires Multifamily Property On Washington Avenue, Clinton Hill, Brooklyn
SOLDMultiFamily

Abraham Turetsky Acquires Multifamily Property On Washington Avenue, Clinton Hill, Brooklyn

329 Washington Avenue, Clinton Hill, Brooklyn, NY, USA

$3,025,000

$870/SF

Building Size

3,476 SF

Asset Type

MultiFamily

Closing

May 9, 2021

About this deal

AI

The multifamily property located at 329 Washington Avenue in Clinton Hill, Brooklyn has been sold for a price of $3,025,000. The property sits on a lot size of 2,222 square feet with dimensions of 22 ft x 100 ft. The building has a total square footage of 4,400 and a price per square foot of $687. The property is zoned as R6B, allowing for multifamily use.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $3,025,000
  • Market: Clinton Hill, Brooklyn
  • Buyer: Abraham Turetsky
  • Seller: Anthony Frempong Boadu
  • Building Square Footage: 4,400
  • Price per Square Foot: $687
  • Lot Size: 2,222 square feet

Abraham Turetsky has acquired the property at 329 Washington Avenue. Anthony Frempong Boadu was the seller in this transaction. The property was sold at a price of $3,025,000, with a price per square foot of $687. The lot size is 2,222 square feet, with dimensions of 22 ft x 100 ft. The multifamily property is zoned as R6B, allowing for multiple dwelling units.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $870 per square foot on a published $3M for 3,476 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.24%

Cash-on-Cash

-1.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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