Yoel Blaustein, Aron Friedman & Isaac Friedman Acquire Multifamily Property In Bedford-Stuyvesant, Brooklyn For $1.375M
119a Marcus Garvey Boulevard, Brooklyn, New York 11206, United States
$1,375,000
$603/SF
Building Size
2,280 SF
Asset Type
MultiFamily
Closing
Jan 24, 2022
AI
A multifamily property located at 119A Marcus Garvey Blvd. in Bedford-Stuyvesant, Brooklyn was recently sold for a total price of $1,375,000. The property consists of 2 units and has a total square footage of 2,280. This translates to a price per unit of $687,500 and a price per square foot of $603. The transaction took place on January 21, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,375,000
- Units: 2
- Price Per Unit: $687,500
- Square Footage: 2,280
- Price Per Square Foot: $603
The property was purchased by Yoel Blaustein, Aron Friedman, and Isaac Friedman, while the seller was Albert Mercado. The sale was facilitated by Robert Napolitano and Jessie Lookfong of Capri Jet Realty, who represented both the buyer and seller 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
11.54%
Cash-on-Cash
-3.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93