Updated Dec 19, 2023
ZG Property Group And H Equities Sell Bed Stuy Multifamily For $8.25M
1 MacDonough Street, Bed-Stuy, Brooklyn, NY, USA
$8,250,000
$804/SF
Building Size
10,260 SF
Asset Type
MultiFamily
Closing
Jan 14, 2021
About this deal
AI
The multifamily property located at 1 MacDonough Street in Bed Stuy, Brooklyn was recently sold for $8,250,000. Spanning across 10,260 square feet, the property was sold at a price per square foot of $804.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $8,250,000
- Address: 1 MacDonough Street
- Market: Bed Stuy, Brooklyn
The buyer of the property has not been disclosed. The seller, @ZGPropertyGroup - Jay Greenberg, @DanZuckerman, and @HEquities - Elliot Horowitz & Todd Dumaresq, facilitated the sale.
The multifamily sale at 1 MacDonough Street, Bed-Stuy, Brooklyn, NY, USA in New York, New York sold for $8.3M in 2021. The building is 10,260 square feet, implying about 804 per square foot on the published price. This page is the New York, New York file for the 1 MacDonough Street, Bed-Stuy, Brooklyn, NY, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 1 MacDonough Street, Bed-Stuy, Brooklyn, NY, USA around 2021. Published consideration for 1 MacDonough Street, Bed-Stuy, Brooklyn, NY, USA is $8.3M, dated 2021. Cite this ZG Property Group And H Equities Sell Bed Stuy Multifamily For $8.25M sale when underwriting similar multifamily product around New York, New York.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.92%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93