David Brecher Acquires Multifamily Asset At 420 Clinton Street Brooklyn For $13,500,000
SOLD
$13,500,000
+ 1
New York
See Similar DealsMultiFamily63,000 SF
Sold 06/01/2026
SOLD
David Brecher Acquires Multifamily Asset At 420 Clinton Street Brooklyn For $13,500,000
420 Clinton Street
See Similar DealsMultiFamily63,000 SF
Sold 06/01/2026
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$214
Total Square Footage:63,000 SF
Transaction Type:Sale
The multifamily property located at 420 Clinton Street in Brooklyn has been sold for a price of $13,500,000. The total square footage of the asset is 63,000, resulting in a price per square foot of $214.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $13,500,000
- Address: 420 Clinton Street
- Market: Brooklyn
- Square Feet: 63,000
- Price per Square Foot: $214
- Buyer: David Brecher
- Seller: Leslie Westreich
- Brokers: Shaun Riney, Andrew Bronsteen, Joseph Koicim & Christopher Mehran - Marcus & Millichap
The transaction involved key figures including the buyer, David Brecher, and the seller, Leslie Westreich. The brokerage team representing the deal includes Shaun Riney, Andrew Bronsteen, Joseph Koicim, and Christopher Mehran, all associated with Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$720,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,962.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,996.89
Annual Debt Service$767,962.65
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