Zalmen Leibowitz Acquires Mixed-Use Property In Bedford Stuyvesant For $3.1M
819 Bedford Avenue,Bedford Stuyvesant,New York
$3,100,000
$1,347/SF
Building Size
2,300 SF
Asset Type
Mixed-use
Closing
Feb 9, 2023
About this deal
AI
The mixed-use property located at 819 Bedford Avenue in the Bedford Stuyvesant market has been sold in a closed transaction. The sale took place on February 9, 2023.
Summary of transaction details
- Property Type: Mixed-Use
- Sale Price: $3,100,000
- Building Square Footage: 7,500
- Price per Building Square Foot: $713
- Land Square Footage: 2,300
- Price per Land Square Foot: $1,348
- Address: 819 Bedford Avenue
- Market: Bedford Stuyvesant
Zalmen Leibowitz acquired the property from Noon Gourfain for a total sale price of $3,100,000. The building encompasses 7,500 square feet, and the land spans 2,300 square feet. The price per building square foot amounts to $713, while the price per land square foot stands at $1,348.
Players
Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93