Updated Dec 21, 2023
Bestreich Realty Group Acquires Multi-Family Property In Clinton Hill, Brooklyn For $2.75M
82 Clinton Ave, Brooklyn, NY 11205, USA
$2,750,000
$528/SF
Building Size
5,200 SF
Asset Type
MultiFamily
Closing
Mar 28, 2020
About this deal
AI
A multifamily property located at 82 Clinton Avenue in Clinton Hill, Brooklyn has been sold for $2,750,000. The property spans 5,200 square feet, resulting in a price per square foot of $529. It consists of 4 units, with each unit being sold for an average price of $687,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,750,000
- Square Footage: 5,200
- Price Per Square Foot: $529
- Number of Units: 4
- Price per Unit: $687,500
The seller of the property is Dennis Canning. The deal was facilitated by Derek Bestreich, Luke Sproviero, Adam Lobel, and Gabriel Kates from Bestreich Realty Group.
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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93