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
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