Updated Feb 21, 2025
Seth Weissman Acquires Multi Family Property In Clinton Hill For $1.9M
475 Waverly Ave, Brooklyn, NY 11238, USA
Building Size
3,648 SF
Asset Type
MultiFamily
Closing
Jul 11, 2018
About this deal
AI
475 Waverly Avenue, a multi-family property located in Clinton Hill, New York, was recently sold for $1,925,000. The property spans across 3,648 square feet and consists of 2 units. The transaction took place on July 12, 2018.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $1,925,000
- Address: 475 Waverly Avenue
- Market: Clinton Hill
- City: New York
- Square Footage: 3,648
- Number of Units: 2
The seller of the property was Larry Best, while the buyer was Seth Weissman, representing Urban Standard Capital. The deal was facilitated by brokers Christine Blackburn, Lior Barak, Marsha Yarde, and Carine Eustache Jones.
Players
New York 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93