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141 Bedford Avenue

Patrick Fu Acquires Multifamily In Williamsburg, Brooklyn For $2.57M
SOLDMultiFamily

Patrick Fu Acquires Multifamily In Williamsburg, Brooklyn For $2.57M

141 Bedford Avenue

$2,565,000

$1,266/SF

Building Size

2,026 SF

Asset Type

MultiFamily

Closing

Jun 11, 2024

AI

The multifamily property located at 141 Bedford Avenue in Williamsburg, Brooklyn, was sold for $2,565,000. The property consists of 3 units spanning 2,026 square feet, resulting in a price per unit of $855,000 and a price per square foot of $1,266.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,565,000
  • Units: 3
  • Price Per Unit: $855,000
  • Square Footage: 2,026
  • Price Per Square Foot: $1,266
  • Address: 141 Bedford Avenue
  • Market: Williamsburg, Brooklyn

The deal was facilitated by Shaun Riney, Michael Salvatico, and Samuel Leppo of Marcus & Millichap. Patrick Fu acted as the buyer in this transaction.

Players

Michael Salvatico

Marcus & Millichap

Broker

$787M

vol

173 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker

Brooklyn 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

6.18%

Cash-on-Cash

-1.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93