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81 Saint James Place

Updated Dec 4, 2024

Ji Lee Acquires Multifamily In Clinton Hill, Brooklyn For $2.51M
SOLDMultiFamily

Ji Lee Acquires Multifamily In Clinton Hill, Brooklyn For $2.51M

81 Saint James Place

$2,510,000

$747/SF

Building Size

3,360 SF

Asset Type

MultiFamily

Closing

Oct 2, 2023

About this deal

AI

Located at 81 Saint James Place in Clinton Hill, Brooklyn, this multifamily property was recently sold in a transaction. The property comprises three units, with a total size of 3,360 square feet. The sale price for this asset was $2,510,000, resulting in a price per unit of approximately $836,667. The price per square foot for this property is estimated to be around $747.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,510,000
  • Address: 81 Saint James Place, Clinton Hill, Brooklyn
  • Market: Clinton Hill, Brooklyn

In this transaction, Ji Lee acted as the buyer, while Rolly Lee was the seller. The deal was facilitated by the brokers from Investment Property Realty Group (IPRG), namely Derek Bestreich, Luke Sproviero, Adam Lobel, and Toby Waring. They represented both the buyer and seller in this transaction.

Players

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$628.5M

vol

147 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $747 per square foot on a published $2.5M for 3,360 square feet (2023).

Visit Toby Waring to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.32%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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