Malcolm Louis Adams Of Compass Represents Sale Of Multifamily Property In Brooklyn For $1.95M
330a Lafayette Avenue
$1,950,000
$1,203/SF
Building Size
1,620 SF
Asset Type
MultiFamily
Closing
Jul 10, 2025
AI
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
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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93