Patrick Fu Acquires Multifamily In Williamsburg, Brooklyn For $2.57M
SOLD
New York
See Similar DealsMultiFamily2,026 SF
Sold 06/11/2024
SOLD
Patrick Fu Acquires Multifamily In Williamsburg, Brooklyn For $2.57M
141 Bedford Avenue
See Similar DealsMultiFamily2,026 SF
Sold 06/11/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,266
Total Square Footage:2,026 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$136,800.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,112.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,159.41
Annual Debt Service$145,912.90
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