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419 Clermont Avenue

John Lehman Purchases 419 Clermont Avenue Multifamily In Brooklyn For $2.9M With Crystal Burns As The Broker
SOLDMultiFamily

John Lehman Purchases 419 Clermont Avenue Multifamily In Brooklyn For $2.9M With Crystal Burns As The Broker

419 Clermont Avenue

$2,900,000

$920/SF

Building Size

3,150 SF

Asset Type

MultiFamily

Closing

Dec 5, 2024

AI

The property involved in this transaction is a multifamily asset located at 419 Clermont Avenue in Brooklyn. It comprises 3 units with a total square footage of 3,150. The sale price for this property was $2,900,000, resulting in a price per unit of $966,666 and a price per square foot of $920.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,900,000
  • Units: 3
  • Square Footage: 3,150
  • Price Per Unit: $966,666
  • Price Per Square Foot: $920
  • Buyer: John Lehman
  • Seller: Paula McCalla
  • Broker: Crystal Burns - Compass

In this transaction, John Lehman acted as the buyer while Paula McCalla served as the seller. The representative for the deal from Compass is Crystal Burns, facilitating the sale between the involved parties.

Players

Crystal Burns

Compass

Broker

$2.9M

vol

1 deal

Broker

Brooklyn 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

5.47%

Cash-on-Cash

-1.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93