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420 Clinton Avenue

David Brecher Acquires Multifamily Asset In Clinton Hill From Leslie Westreich For $13.5M
SOLDMultiFamily

David Brecher Acquires Multifamily Asset In Clinton Hill From Leslie Westreich For $13.5M

420 Clinton Avenue

$13,500,000

$214/SF

Building Size

63,000 SF

Asset Type

MultiFamily

Closing

May 31, 2026

AI

The property asset involved in this transaction is a multifamily building located at 420 Clinton Avenue in the Clinton Hill market. It has a sale price of $13,500,000, covering a total square footage of 63,000, which equates to a price per square foot of $214.

Summary of transaction details:

The key individuals involved in the deal include the buyer, David Brecher, and the seller, Leslie Westreich, who facilitated the transaction through their respective representatives from Marcus & Millichap, Shaun Riney, Andrew Bronsteen, Joseph Koicim, and Christopher Mehran.

Players

Andrew Bronsteen

Marcus & Millichap

Broker

$271M

vol

65 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Broker

$2.7B

vol

174 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

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93