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

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SOLD
$2,900,000

New York

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MultiFamily3,150 SF
Sold 12/05/2024
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Property Image
SOLD

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

419 Clermont Avenue

See Similar Deals
MultiFamily3,150 SF
Sold 12/05/2024
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$920
Total Square Footage:3,150 SF
Transaction Type:Sale

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
1 deal$2.9M volume(212) 444-2201
BROKER

Details

SOLD
IMAGE: Crystal Burns DATE: 12/05/2024 ADDRESS: 419 Clermont Avenue MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: John Lehman SELLER: Paula McCalla BROKER: Crystal Burns (@CrystalsCity) - Compass (@Compass) SALE PRICE: $2,900,000 UNITS: 3 ~ PPU: $966,666 SF: 3,150 ~ PPSF: $920

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$154,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75