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Abe Lee Purchases Multifamily Property From Dominick Palmer In Brooklyn For $1.525M

Property Image
SOLD
$1,525,000

New York

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MultiFamily2,600 SF
Sold
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Property Image
SOLD

Abe Lee Purchases Multifamily Property From Dominick Palmer In Brooklyn For $1.525M

1403 Bedford Avenue

See Similar Deals
MultiFamily2,600 SF
Sold
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$586
Total Square Footage:2600 SF
Transaction Type:Sale

The property asset involved in this transaction is a multifamily building located at 1403 Bedford Avenue in Brooklyn. It comprises 3 units and has a total square footage of 2,600. The sale price for this asset was $1,525,000, resulting in a price per unit of $508,333 and a price per square foot of $586.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,525,000
  • Units: 3
  • Square Footage: 2,600
  • Price Per Unit: $508,333
  • Price Per Square Foot: $586
  • Buyer: Abe Lee
  • Seller: Dominick Palmer
  • Broker: Daniel Barcelowsky - Evergreen Realty & Investments

The broker representing the transaction is Daniel Barcelowsky, affiliated with Evergreen Realty & Investments. This deal highlights the involvement of Abe Lee as the buyer and Dominick Palmer as the seller, facilitating the change of ownership for the multifamily asset.

Players

Daniel Barcelowsky
Evergreen Realty & Investments
Daniel Barcelowsky
52 deals$83.9M volume
BROKER

Details

SOLD
IMAGE: Daniel Barcelowsky DATE: 02/12/2025 ADDRESS: 1403 Bedford Avenue MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: Abe Lee SELLER: Dominick Palmer BROKER: Daniel Barcelowsky (@DanielBarcelowsky) - Evergreen Realty & Investments (@EvrgRealty) SALE PRICE: $1,525,000 UNITS: 3 ~ PPU: $508,333 SF: 2,600 ~ PPSF: $586

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$81,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,418.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,229.28
Annual Debt Service$86,751.34