Pinchos Loketch Acquires 1010 Bedford Avenue Multifamily In Bedford-Stuyvesant For $14.2M

A multifamily property located at 1010 Bedford Avenue in Bedford-Stuyvesant has been sold for a total price of $14,208,633. The property has a building square footage of 31,616 and a price per square foot of $449. With a total land square footage of 72,571, the price per square foot for the entire property comes out to be $195. The property consists of 36 units, resulting in a price per unit of $194,444. The sale transaction took place on 04/26/2021.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $14,208,633
• Address: 1010 Bedford Avenue
• Market: Bedford-Stuyvesant
• Building Square Footage: 31,616
• Price per Square Foot: $449
• Total Land Square Footage: 72,571
• Price per Square Foot (Land): $195
• Number of Units: 36
• Price per Unit: $194,444
• Date of Sale: 04/26/2021

The buyer in this transaction is Pinchos Loketch, while the seller is Jacob Sofer. The property is zoned for R6B, R7A, and C2-4. The floor area ratio (FAR) is 4.45, and the property falls under tax class 2. It has a lot size of 16,291 square feet, with lot dimensions of 88.33 feet by 200 feet. The property has previously undergone an alteration type 2 permit on 11/07/2018.