Lev Mavashev Of Alpha Realty Facilitates $27.5M Multifamily Sale In Clinton Hill
SOLD
$27,500,000
New York
See Similar DealsMultiFamily60,210 SF
Sold 03/18/2024
SOLD
Lev Mavashev Of Alpha Realty Facilitates $27.5M Multifamily Sale In Clinton Hill
97 Grand Avenue
See Similar DealsMultiFamily60,210 SF
Sold 03/18/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$456
Total Square Footage:60,210 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,466,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$97,701.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$130,364.03
Annual Debt Service$1,564,368.36
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