Estate Of Clinton Stephens Sells MultiFamily Property On Eastern Parkway In New York City For $1.9M
859 Eastern Parkway
$1,915,000
$623/SF
Building Size
3,072 SF
Asset Type
MultiFamily
Closing
Sep 19, 2023
AI
The Estate Of Clinton Stephens has sold a MultiFamily property located at 859 Eastern Parkway in New York City. The property spans 3,072 square feet and was sold for a total price of $1,915,000, resulting in a price per square foot of $623.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,915,000
- Square Footage: 3,072
- Address: 859 Eastern Parkway, New York City
- Seller: Estate Of Clinton Stephens
- Broker: Jerry Tenenbaum - Top Nest Properties
Jerry Tenenbaum of Top Nest Properties represented the seller, Estate of Clinton Stephens, in this transaction.
Players
Brooklyn 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
8.28%
Cash-on-Cash
-2.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93