Douglas Elliman Brokers Sell 6 Residential Condos In Bedford-Stuyvesant For $4.3M
SOLD
$4,300,000
New York
See Similar DealsCondo1,983 SF
Sold 08/07/2021
SOLD
Douglas Elliman Brokers Sell 6 Residential Condos In Bedford-Stuyvesant For $4.3M
93 Quincy Street
See Similar DealsCondo1,983 SF
Sold 08/07/2021
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$2,168
Total Square Footage:1,983 SF
Transaction Type:Sale
The residential condo property located at 93 Quincy St. in Bedford-Stuyvesant recently sold in a remarkable condo sellout. The sales launch took place in January 2021, and the property was sold by 93 Quincy LLC. The market value of the property is $4,300,000, and a total of six units were sold. The blended price per square foot (PPSF) for the condos is $1,075.
Summary of transaction details
- Property Type: Residential Condos
- Transaction Amount: $4,300,000
- Units Sold: 6
- Blended PPSF: $1,075
The deal for the property was facilitated by brokers Jed Klebanow and Alexander Maroni from Douglas Elliman. They represented the seller, 93 Quincy LLC, in the transaction, showcasing their expertise in the Bedford-Stuyvesant market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$229,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33
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