SOLDMultiFamily
Lev Mavashev Of Alpha Realty Facilitates $27.5M Multifamily Sale In Clinton Hill
97 Grand Avenue
$27,500,000
$456/SF
Building Size
60,210 SF
Asset Type
MultiFamily
Closing
Mar 18, 2024
AI
The multifamily property located at 97 Grand Ave in Clinton Hill was sold for $27,500,000 on 03/18/2024. The asset spans 60,210 square feet, with a price per square foot of $457.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $27,500,000
- Address: 97 Grand Ave
- Market: Clinton Hill
- Broker: Lev Mavashev - Alpha Realty
- SF: 60,210
- PPSF: $457
Lev Mavashev from Alpha Realty represented the parties involved in the transaction, facilitating the sale of the multifamily property at 97 Grand Ave in Clinton Hill.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.58%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93