Garth Beams Acquires Multifamily Property In Clinton Hill, BK For $2.3M
64 Lefferts Place, Clinton Hill, Brooklyn, NY, USA
$2,300,000
$544/SF
Building Size
4,225 SF
Asset Type
MultiFamily
Closing
Apr 1, 2019
AI
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.
Players
Brooklyn 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93