Garth Beams Acquires Multifamily Property In Clinton Hill, BK For $2.3M
SOLD
$2,300,000
New York
See Similar DealsMultiFamily4,225 SF
Sold 04/02/2019
SOLD
Garth Beams Acquires Multifamily Property In Clinton Hill, BK For $2.3M
64 Lefferts Place, Clinton Hill, Brooklyn, NY, USA
See Similar DealsMultiFamily4,225 SF
Sold 04/02/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$544
Total Square Footage:4,225 SF
Transaction Type:Sale
A multifamily property located at 64 Lefferts Pl in Clinton Hill, Brooklyn has been sold for $2.3 million. The property spans 4,225 square feet, resulting in a price per square foot of $544. The sale was completed on April 2, 2019.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2.3M
- Address: 64 Lefferts Pl
- Market: Clinton Hill, BK
- Sale Date: 04/02/2019
- Square Footage: 4,225
The sellers of the property were Sholom Jacobs and David Warren, while Garth Beams was the buyer. Sully Klein, representing the buyer, facilitated the transaction.
NOTE: The property was delivered vacant.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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