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233 Clermont Avenue

Updated Apr 2, 2025

Greenbrook Partners Sells Multifamily Asset At 233 Clermont Avenue Brooklyn For $5.115M
SOLDMultiFamily

Greenbrook Partners Sells Multifamily Asset At 233 Clermont Avenue Brooklyn For $5.115M

233 Clermont Avenue

$5,115,000

$1,033/SF

Building Size

4,950 SF

Asset Type

MultiFamily

Closing

Mar 20, 2025

About this deal

AI

The property asset involved in the transaction is a multifamily building located at 233 Clermont Avenue in Brooklyn. The sale price of the property was $5,115,000, comprising 4 units with a price per unit of $1,278,750. The building has a total square footage of 4,950, resulting in a price per square foot of $1,033.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,115,000
  • Units: 4
  • Square Feet: 4,950
  • Price Per Unit: $1,278,750
  • Price Per Square Foot: $1,033
  • Seller: Greenbrook Partners
  • Seller's Representative: Novo Living LLC
  • Date of Transaction: 03/20/2025

The deal involves key individuals and companies, with Greenbrook Partners serving as the seller, represented in this transaction by Novo Living LLC. This representation indicates the active role that Novo Living LLC played in facilitating the sale process on behalf of the seller.

Players

Novo Living
Novo LivingBrokerage
Greenbrook Partners
Greenbrook PartnersSeller

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1K per square foot on a published $5.1M for 4,950 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.10%

Cash-on-Cash

-0.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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