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