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
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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93