Updated Dec 21, 2023
Elizabeth Giamatti Acquires Multifamily Property On Grand Ave, Clinton Hill For $3.075M From Seller Wayne Davis
393 Grand Avenue, Brooklyn, New York 11238, United States
$3,075,000
$763/SF
Building Size
4,029 SF
Asset Type
MultiFamily
Closing
Aug 24, 2022
About this deal
AI
The multifamily property located at 393 Grand Ave in Clinton Hill, Brooklyn was sold for a price of $3,075,000. The property has a building square footage (BSF) of 4,264, with a price per BSF (PPBSF) of $721. The total square footage (SF) of the property is 4,029, with a price per square foot (PPSF) of $763. The property sits on a lot size of 2,132 square feet, measuring 21 ft x 101.5 ft.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,075,000
- Address: 393 Grand Ave, Clinton Hill, Brooklyn
- Market: Clinton Hill, Brooklyn
- Zoning: R6B
- Buyer: Elizabeth Giamatti
- Seller: Wayne Davis
- BSF: 4,264
- PPBSF: $721
- SF: 4,029
- PPSF: $763
- LOT SIZE: 2,132
- LOT DIMENSION: 21 ft x 101.5 ft
The property has a floor area ratio (FAR) of 1.89 and falls under tax class 1.
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
5.16%
Cash-on-Cash
-1.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93