Neue Urban Acquires Multifamily Property In Prospect Heights For $5.4M
1467 Bedford Avenue, Brooklyn, New York 11216, United States
$5,400,000
$594/SF
Building Size
9,078 SF
Asset Type
MultiFamily
Closing
Jun 20, 2022
AI
The multifamily property located at 1467 Bedford Ave. in Prospect Heights has been sold in a recent transaction. The sale was facilitated by Adam Traub of Curb Capital, representing the seller Elliot Spitzer, and Zach Ehrlich of Neue Urban, acting as the buyer's representative.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $5,400,000
- Number of Units: 13
- Price per Unit: $415,384
- Total Square Footage: 9,078 sqft
- Price per Square Foot: $594
- Market: Prospect Heights
This transaction, which took place on 06/21/2022, involved the sale of a multifamily property consisting of 13 units. The sale price for this property was $5,400,000, resulting in a price per unit of $415,384. The total square footage of the property is 9,078 sqft, with a price per square foot of $594. The property is situated in the Prospect Heights market.
Representing the seller, Elliot Spitzer, was Adam Traub of Curb Capital, while Zach Ehrlich of Neue Urban acted as the buyer's representative in this transaction.
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
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93