Updated Oct 28, 2024
Justin Homapour's CROWN Investments Acquires Multifamily Property On Clinton Avenue For $2.2M
80 Clinton Avenue, Clinton Hill, Brooklyn, NY, USA
$2,200,000
$423/SF
Building Size
5,200 SF
Asset Type
MultiFamily
Closing
May 13, 2020
About this deal
AI
An multifamily property located at 80 Clinton Avenue in Clinton Hill has been sold for a price of $2,200,000. The property has a building square footage (BSF) of 4,000, with a price per BSF (PPBSF) of $550. The total square footage (SF) of the property is 5,200, with a price per square foot (PPSF) of $423. The property consists of 4 units, with a price per unit (PPU) of $550,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Address: 80 Clinton Avenue
- Market: Clinton Hill
- Buyer: Justin Homapour - CROWN Investments
CROWN Investments, represented by Justin Homapour, purchased the property as part of their ongoing efforts to acquire properties across all asset classes.
On the Map
$2,200,000
$423/SF
MultiFamily
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New York 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93