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439 Washington Avenue, Broo...

Updated Dec 19, 2023

Jennifer Behr Acquires Multifamily Property In Clinton Hill, Brooklyn For $3.35M
SOLDMultiFamily

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

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.6K per square foot on a published $3.4M for 2,050 square feet (2022).

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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

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