Updated Oct 29, 2024
Servny LLC Acquires Multi-family Property On Bedford Avenue, Brooklyn For $5.25M
1191 Bedford Ave, Brooklyn, NY 11216, USA
Building Size
4,840 SF
Asset Type
MultiFamily
Closing
Nov 23, 2017
About this deal
AI
The multi-family property located at 1191 Bedford Avenue in Brooklyn, New York has been sold in a closed transaction. The property features a total square footage of 4,840 and was sold for a price of $5,250,000, translating to a price per square foot of $1,084.
Summary of transaction details:
- Property Type: Multi-family
- Transaction Amount: $5,250,000
- Address: 1191 Bedford Avenue, Brooklyn, New York
- Market: Brooklyn
The seller of the property was FC 1191 LLC, while the buyer was Servny LLC. The transaction was brokered by BRG, with Derek Bestreich, Luke Sproviero, and Steve Reynolds representing the parties involved in the deal.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93