Updated Dec 4, 2024
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
About this deal
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.
On the Map
$27,500,000
$456/SF
MultiFamily
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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
0.58%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93