Douglas Elliman Brokers Sell 6 Residential Condos In Bedford-Stuyvesant For $4.3M
93 Quincy Street
$4,300,000
$2,168/SF
Building Size
1,983 SF
Asset Type
Condo
Closing
Aug 7, 2021
AI
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.
Players
Brooklyn Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93