Claire Parker Buys Multifamily Property At 402 Van Siclen Avenue From Adebayo O. Adefope For $950,000
402 Van Siclen Avenue
$950,000
$475/SF
Building Size
2,000 SF
Asset Type
MultiFamily
Closing
Jan 20, 2026
AI
A multifamily property located at 402 Van Siclen Avenue in Brooklyn was sold for $950,000. The asset includes 2 units with a total square footage of 2,000, resulting in a price per unit of $475,000 and a price per square foot of $475.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $950,000
- Buyer: Claire Parker
- Seller: Adebayo O. Adefope
- Seller's Representative: Anthony L. Morris & Lisa James - The Corcoran Group
- Units: 2
- Square Footage: 2,000
- Price Per Unit: $475,000
- Price Per Square Foot: $475
The transaction was facilitated by Anthony L. Morris and Lisa James, who represented the seller, Adebayo O. Adefope, during the sale process. Their involvement played a crucial role in the transaction of the multifamily asset.
Players
Brooklyn 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
16.70%
Cash-on-Cash
-4.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93