Updated Dec 4, 2024
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
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
6.32%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93