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64 Lefferts Place, Clinton ...

Garth Beams Acquires Multifamily Property In Clinton Hill, BK For $2.3M
SOLDMultiFamily

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

Sully Klein

Broker

$28.7M

vol

14 deals

Broker
Sholom Jacobs

Sholom Jacobs

Seller

$34.7M

vol

7 deals

Seller

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