Updated Dec 19, 2023
Isamar Margareten Acquires Commercial Property At 910 Bedford Ave In Bedford-Stuyvesant, Brooklyn For $5.5M
910 Bedford Avenue, Brooklyn, New York 11205, United States
$5,500,000
$590/SF
Building Size
9,312 SF
Asset Type
Commercial
Closing
May 19, 2022
About this deal
AI
Located at 910 Bedford Ave in the Bedford-Stuyvesant neighborhood of Brooklyn, this commercial property was recently sold on May 20, 2022. The property is zoned as R7A and has a lot size of 4,800 square feet with dimensions of 48 feet by 100 feet. It underwent an alteration permit in October 2018.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $5,500,000
- Buyer: Isamar Margareten
- Seller: Moishe Lebovits
- Building Square Footage: 9,312
- Price Per Square Foot: $590
- Land Square Footage: 4,800
- Floor Area Ratio (FAR): 1.94
- Tax Class: 4
The buyer in this transaction is Isamar Margareten, representing themselves. The seller is Moishe Lebovits. The price for this property was $5,500,000, with a building square footage of 9,312 and a price per square foot of $590. The lot size is 4,800 square feet, and the property has a floor area ratio of 1.94. It is classified under tax class 4.
Players
New York Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93