Sonya Azzizaman, Grant Mason, Lei He, And Alan Paron Acquire Residential Condominiums In Bedford-Stuyvesant, Brooklyn For $3.4M
377 Quincy St, Brooklyn, NY 11216, USA
$3,408,405
$81/SF
Building Size
42,050 SF
Asset Type
—
Closing
Aug 13, 2020
About this deal
AI
The residential condominiums located at 377 Quincy Street in the Bedford-Stuyvesant neighborhood of Brooklyn have been sold in a recent transaction. The property spans 4,205 square feet and was listed with an asking price of $3,500,000. The final sale price for the condominiums was recorded at $3,408,405, resulting in a blended price per square foot of $810.
Summary of transation details
- Property Type: Residential Condominiums
- Transaction Amount: $3,408,405
- Address: 377 Quincy Street, Bedford-Stuyvesant, Brooklyn
- Market: Bedford-Stuyvesant, Brooklyn
- Square Footage: 4,205
The buyers of the property were Grant Mason, Sonya Azzizaman, Lei He, and Alan Paron. They acquired the condominiums from the sellers, Edward Nektalov and Raffi Manor of M Development. The deal was facilitated by broker David Avgi of DavidPrettyBoy.
It is important to note that M Development initially purchased the site where the condominiums are located. However, no further details were provided regarding their involvement in this transaction.
Players
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Deal FAQ
About $81 per square foot on a published $3.4M for 42,050 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.65%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93