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
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