Updated Dec 20, 2023
David Chitayat Acquires Multifamily Property In Clinton Hill For $2.55M
363 Washington Ave, Brooklyn, NY 11238, USA
$2,550,000
$755/SF
Building Size
3,374 SF
Asset Type
MultiFamily
Closing
Nov 9, 2020
About this deal
AI
A multifamily property located at 363 Washington Avenue in Clinton Hill has been sold for $2,550,000. The property is zoned as R6B and consists of a total building square footage (BSF) of 6,080, with a price per BSF (PPBSF) of $419. The property has a total square footage (SF) of 3,374, with a price per square foot (PPSF) of $755. The transaction took place on November 10, 2020.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,550,000
- Market: Clinton Hill
- Address: 363 Washington Avenue
- Zoning: R6B
- BSF: 6,080
- PPBSF: $419
- SF: 3,374
- PPSF: $755
The buyer of the property is David Chitayat, while the sellers are Jonathan Lovett and Harley Diamond. The deal was facilitated by Derek Bestreich, Luke Sproviero, Adam Lobel, and Gabriel Kates from Bestreich Realty Group (BRG). The property is classified as tax class 2A and has a lot size of 25 ft x 121.58 ft.
Please note that no additional information is available regarding this transaction.
Players
New York 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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93