Updated Sep 9, 2024
Meridian Capital Group Brokers $3.8M Multifamily Sale In Clinton Hill
90 Clermont Avenue
$3,765,000
$492/SF
Building Size
7,648 SF
Asset Type
MultiFamily
Closing
Jan 13, 2023
About this deal
AI
A multifamily property located at 90 Clermont Avenue in Clinton Hill has been sold for a price of $3,765,000. The property consists of 7 units, with an average price per unit of $537,857. The total square footage of the property is 7,648, resulting in a price per square foot of $492.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,765,000
- Units: 7
- Price per Unit: $537,857
- Square Footage: 7,648
- Price per Square Foot: $492
The sale of this property was facilitated by Adam J Hess and Edward Setton of Meridian Capital Group.
Players
Clinton Hill, Brooklyn NY 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
4.21%
Cash-on-Cash
-1.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93