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372 Clinton Avenue, Brookly...

Todd Rose Acquires Multifamily Property On Clinton Avenue, Clinton Hill, Brooklyn For $3.16M
SOLDMultiFamily

Todd Rose Acquires Multifamily Property On Clinton Avenue, Clinton Hill, Brooklyn For $3.16M

372 Clinton Avenue, Brooklyn, New York 11238, United States

$3,160,000

$428/SF

Building Size

7,370 SF

Asset Type

MultiFamily

Closing

Feb 28, 2022

AI

A multifamily property located at 372 Clinton Avenue in Clinton Hill, Brooklyn has been sold. The property has a total building square footage (BSF) of 5,500 with a price per BSF (PPBSF) of $574. The total square footage (SF) of the property is 7,370, with a price per square foot (PPSF) of $428. The property is zoned as R6B and has a floor area ratio (FAR) of 2.68. The property has a tax class of 2A and a lot size of 2,750. The previous sale price of the property was $1,750,000 on December 23, 2009. There was an alteration permit issued for the property on February 1, 2010.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,160,000
  • Address: 372 Clinton Avenue
  • Market: Clinton Hill, Brooklyn
  • Zoning: R6B

Todd Rose purchased the property from Monique Scott for a price of $3,160,000. The property was represented by Monique Scott's broker representative. The lot dimensions of the property are 25 ft x 110 ft.

Players

Todd Rose

Buyer

$11.4M

vol

3 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.02%

Cash-on-Cash

-1.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93