The Markaretan Family Acquires Multifamily Property In Clinton Hill For $4.6M
SOLD
$4,625,000
Tennessee
See Similar DealsMultiFamily7,260 SF
Sold 04/20/2023
SOLD
The Markaretan Family Acquires Multifamily Property In Clinton Hill For $4.6M
481-483 Dekalb Avenue, N
See Similar DealsMultiFamily7,260 SF
Sold 04/20/2023
Summary
TENNESSEE
Asset Type:MultiFamily
Price Per Square Foot:$637
Total Square Footage:7,260 SF
Transaction Type:Sale
A multifamily property located at 481-483 Dekalb Avenue in Clinton Hill has been sold for a total of $4,625,000. The property consists of 10 units, with each unit having a price per unit of $462,500. The total square footage of the property is 7,260, resulting in a price per square foot of $637.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,625,000
- Address: 481-483 Dekalb Avenue
- Market: Clinton Hill
- Units: 10
- Price per Unit: $462,500
- Square Footage: 7,260
- Price per Square Foot: $637
The buyer of the property is the Markaretan Family. The sale was facilitated by brokers Lev Mavashev and Eli Yusupov from Alpha Realty. They represented the buyer and seller in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$246,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,431.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,924.86
Annual Debt Service$263,098.31
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