Updated Dec 19, 2023
Fabio Scoditti Acquires Bedford-Stuyvesant Multifamily For $3.1M
148 Stuyvesant Avenue, Brooklyn, New York 11221, United States
$3,075,000
$388/SF
Building Size
7,920 SF
Asset Type
MultiFamily
Closing
Feb 28, 2022
About this deal
AI
Located at 148 Stuyvesant Avenue in Bedford-Stuyvesant, Brooklyn, this multifamily property was recently sold for $3,075,000. The property spans across 7,920 square feet, resulting in a price per square foot of $388. The transaction took place on March 1, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,075,000
- Address: 148 Stuyvesant Avenue
- Market: Bedford-Stuyvesant, Brooklyn
The buyer of this property was Fabio Scoditti, while the seller was the Estate Of Iimani David. Jonny Yuran and Ross Kaplan, representing Newmark, acted as brokers in this transaction.
On the Map
$3,075,000
$388/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.16%
Cash-on-Cash
-1.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93