Updated Apr 2, 2025
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
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
3.10%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93