Updated Dec 21, 2023
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
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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