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82-84 Downing St, Brooklyn,...

Friedman Roth Represents Sale Of Multifamily Property On Downing St. In Clinton Hill
SOLDMultiFamily

Friedman Roth Represents Sale Of Multifamily Property On Downing St. In Clinton Hill

82-84 Downing St, Brooklyn, NY, USA

$5,150,000

$360/SF

Building Size

14,284 SF

Asset Type

MultiFamily

Closing

Sep 10, 2021

AI

Located in Clinton Hill, the multifamily property at 82-84 Downing St. recently changed hands in a closed sale transaction. The property spans 14,284 square feet and was sold for a total price of $5,150,000. The sale price corresponds to a price per square foot of $360. Nadeem Haque from Friedman Roth represented the buyer in the deal, while Gil Avni, also from Friedman Roth, represented the seller.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,150,000
  • Address: 82-84 Downing St.
  • Market: Clinton Hill
  • Buyer's Representative: Nadeem Haque - Friedman Roth
  • Seller's Representative: Gil Avni - Friedman Roth
  • Square Footage: 14,284
  • Price per Square Foot: $360

The buyer in this transaction, Nadeem Haque, represented by Friedman Roth, successfully acquired the multifamily property located at 82-84 Downing St. The seller, represented by Gil Avni from the same brokerage firm, finalized the sale at a price of $5,150,000. This closed transaction highlights the expertise and professionalism of the individuals and their agency in facilitating the deal.

Players

Gil Avni

Broker

$10.4M

vol

3 deals

Broker

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

3.08%

Cash-on-Cash

-0.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93