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
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
5.02%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93