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42 Clermont Avenue

Mohamed Hassan Acquires Multifamily Property At 42 Clermont Avenue Brooklyn For $1.85M
SOLDMultiFamily

Mohamed Hassan Acquires Multifamily Property At 42 Clermont Avenue Brooklyn For $1.85M

42 Clermont Avenue

$1,850,000

$660/SF

Building Size

2,800 SF

Asset Type

MultiFamily

Closing

Jan 7, 2025

AI

A multifamily property located at 42 Clermont Avenue in Brooklyn has been sold. The sale price for the asset amounted to $1,850,000, consisting of four units with a price per unit of $462,500. The property spans a total of 2,800 square feet, resulting in a price per square foot of $660.

Summary of transaction details:

The deal was facilitated by two representatives from Matheos Realty Group, Peter Matheos and Isaiah Thomas, who represented the seller, Workable City. Dimitri P. Venekas from Cosmos Capital Group represented the buyer, Mohamed Hassan, in this transaction.

Players

Dimitri P. Venekas

Cushman & Wakefield

Broker

$82.2M

vol

16 deals

Broker

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

8.57%

Cash-on-Cash

-2.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93