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:
- Property Type: Multifamily
- Transaction Amount: $13,500,000
- Address: 420 Clinton Avenue
- Market: Clinton Hill
- Square Footage: 63,000
- Price Per Square Foot: $214
- Buyer: David Brecher
- Seller: Leslie Westreich
- Brokerage Representatives: Shaun Riney, Andrew Bronsteen, Joseph Koicim & Christopher Mehran - Marcus & Millichap
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
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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93