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93 Quincy Street

Douglas Elliman Brokers Sell 6 Residential Condos In Bedford-Stuyvesant For $4.3M
SOLDCondo

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

Alexander Maroni

Douglas Elliman

Broker

$63.7M

vol

11 deals

Broker

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