Updated Dec 19, 2023
Jennifer Behr Acquires Multifamily Property In Clinton Hill, Brooklyn For $3.35M
439 Washington Avenue, Brooklyn, New York 11238, United States
$3,355,000
$1,636/SF
Building Size
2,050 SF
Asset Type
MultiFamily
Closing
Aug 21, 2022
About this deal
AI
A multifamily property located at 439 Washington Ave in Clinton Hill, Brooklyn has been sold. The property is zoned as R6B and has a lot size of 1,990 square feet, with dimensions of 16.58 ft x 120 ft. The transaction took place on August 22, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,355,000
- Market: Clinton Hill, Brooklyn
- Buyer: Jennifer Behr
- Seller: Patricia Anne Todd
- Building Square Footage: 3,980
- Price Per Square Foot: $842
- Lot Square Footage: 1,990
- Price Per Square Foot (Lot): $1,636
- Floor Area Ratio (FAR): 1.03
- Tax Class: 1
Jennifer Behr purchased the property from Patricia Anne Todd for a total price of $3,355,000. The building has a total square footage of 3,980, with a price per square foot of $842. The lot, measuring 1,990 square feet, has a price per square foot of $1,636. The transaction was completed in the Clinton Hill market of Brooklyn.
Players
New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.73%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93