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67 Lefferts Place

Alexander Hall Of Wyckoff Street Developments Purchases Multifamily Property In Brooklyn For $2.9M
SOLDMultiFamily

Alexander Hall Of Wyckoff Street Developments Purchases Multifamily Property In Brooklyn For $2.9M

67 Lefferts Place

$2,900,000

$723/SF

Building Size

4,008 SF

Asset Type

MultiFamily

Closing

Nov 20, 2024

AI

A three-unit multifamily building located at 67 Lefferts Place in Clinton Hill, Brooklyn has been sold for $2,900,000. The property encompasses a total square footage of 4,008 with a price per unit of $966,667 and a price per square foot of $724. The transaction was finalized on November 20, 2024.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,900,000
  • Units: 3
  • Square Footage: 4,008
  • Price per Unit: $966,667
  • Price per Square Foot: $724
  • Buyer: Alexander Hall - Wyckoff Street Developments
  • Seller: Lance B. Harris

The buyer, Alexander Hall, represents Wyckoff Street Developments in this transaction, while the seller is Lance B. Harris. This transaction reflects a strategic investment in the residential multifamily market within the Brooklyn area.

Players

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.47%

Cash-on-Cash

-1.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93