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148 Stuyvesant Avenue, Broo...

Fabio Scoditti Acquires Bedford-Stuyvesant Multifamily For $3.1M
SOLDMultiFamily

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

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.

Players

Jonny Yuran

Newmark

Broker

$67.9M

vol

6 deals

Broker

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

5.16%

Cash-on-Cash

-1.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93