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Malcolm Louis Adams Of Compass Represents Sale Of Multifamily Property In Brooklyn For $1.95M

Property Image
SOLD
$1,950,000

New York

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MultiFamily1,620 SF
Sold 07/11/2025
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Property Image
SOLD

Malcolm Louis Adams Of Compass Represents Sale Of Multifamily Property In Brooklyn For $1.95M

330a Lafayette Avenue

See Similar Deals
MultiFamily1,620 SF
Sold 07/11/2025
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,203
Total Square Footage:1,620 SF
Transaction Type:Sale

The asset involved in this transaction is a multifamily property located at 330a Lafayette Avenue in Brooklyn. The sale price of the property is $1,950,000, encompassing two units. The total square footage measures 1,620, resulting in a price per square foot of $1,203.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,950,000
  • Units: 2
  • Price Per Unit: $975,000
  • Square Footage: 1,620
  • Price Per Square Foot: $1,203
  • Broker: Malcolm Louis Adams - Compass
  • Date of Sale: 7/11/2025

The transaction was facilitated by Malcolm Louis Adams, representing the seller through the agency Compass. The property features three bedrooms and two and a half bathrooms across three stories, situated in the vibrant Clinton Hill neighborhood, near the Clinton Hill Historical District.

Players

Malcolm Louis Adams
Compass
Malcolm Louis Adams
15 deals$27.9M volume(917) 972-6166
BROKER
Compass
Compass
BROKERAGE

Details

SOLD
IMAGE: Malcolm Louis Adams DATE: 7/11/2025 ADDRESS: 330a Lafayette Avenue MARKET: Brooklyn ASSET TYPE: Multifamily BROKER: Malcolm Louis Adams (@MalcolmRealEstate) - Compass (@Compass) SALE PRICE: $1,950,000 UNITS: 2 ~ PPU: $975,000 SF: 1,620 ~ PPSF: $1,203 NOTE FROM BROKER: Discover the historic allure of the "Randy Weston House," a gem nestled at 330 A Lafayette Ave in the heart of Brooklyn's vibrant Clinton Hill neighborhood. This iconic two-family townhouse, with a retail store on the ground floor, stands proudly on "Randy Weston Way," a street renamed to honor the legendary jazz pianist and composer, Dr. Randy Weston. His legacy of blending African rhythms with American jazz resonates through this area, making it a cultural landmark. This property, located at the cusp of the Clinton Hill Historical District, offers a unique opportunity for renovation, brimming with potential. The house features three well-lit bedrooms, two and a half bathrooms, and spans 1,620 square feet across three stories. The building dimensions of 18 ft x 45 ft provide ample space for creativity and transformation. Inside, you'll find the charm of classic townhouse details, stunning millwork, and four beautiful fireplaces that add a touch of elegance and warmth to the residence. The hardwood floors throughout the home speak to its timeless character, waiting to be restored to its former glory.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$103,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,927.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,243.99
Annual Debt Service$110,927.94