facebook
Traded Co logo
Submit

Darryl Matthew Kan Acquires Multifamily Property On 414 Grand Avenue, Clinton Hill, Brooklyn For $4.03M

Property Image
SOLD
$4,028,000

New York

See Similar Deals
MultiFamily4,200 SF
Sold 06/02/2022
the dealplayerscompscontact
Property Image
SOLD

Darryl Matthew Kan Acquires Multifamily Property On 414 Grand Avenue, Clinton Hill, Brooklyn For $4.03M

414 Grand Avenue, Brooklyn, New York 11238, United States

See Similar Deals
MultiFamily4,200 SF
Sold 06/02/2022
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$959
Total Square Footage:4,200 SF
Transaction Type:Sale

In a recent transaction in Clinton Hill, Brooklyn, a multifamily property located at 414 Grand Avenue was sold for a price of $4,028,000. The property has a building square footage (BSF) of 4,200, translating to a price per BSF (PPBSF) of $959. The total lot size is 2,100 square feet and measures 21 feet by 100 feet. The transaction took place on June 2, 2022.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,028,000
  • Market: Clinton Hill, Brooklyn
  • Zoning: R6B
  • Buyer: Darryl Matthew Kan
  • Seller: James P. Sullivan
  • BSF: 4,200
  • PPBSF: $959
  • SF: 4,200
  • PPSF: $959
  • FAR: 2.00
  • Tax Class: 1
  • Lot Size: 2,100
  • Lot Dimension: 21 ft x 100 ft

The buyer in this transaction was represented by their broker, Darryl Matthew Kan. The seller, James P. Sullivan, facilitated the sale. In terms of zoning, the property falls under the R6B category. With a floor area ratio (FAR) of 2.00, the property offers potential for additional development. The tax class of the property is 1, indicating its use as a residential property.

Players

JS
James P. Sullivan
3 deals$28.5M volume
SELLER

Details

SOLD
IMAGE: 06/02/2022 ADDRESS: 414 Grand Avenue MARKET: Clinton Hill, Brooklyn ASSET TYPE: Multifamily ~ ZONING: R6B BUYER: Darryl Matthew Kan SELLER: James P. Sullivan PRICE: $4,028,000 BSF: 4,200 ~ PPBSF: $959 SF: 4,200 ~ PPSF: $959 FAR: 2.00 TAX CLASS: 1 LOT SIZE: 2,100 LOT DIMENSION: 21 ft x 100 ft

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$214,826.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,310.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,094.77
Annual Debt Service$229,137.30