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97 Grand Avenue

Lev Mavashev Of Alpha Realty Facilitates $27.5M Multifamily Sale In Clinton Hill
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

Lev Mavashev

Alpha Realty

Broker

$742M

vol

106 deals

Broker

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