Updated Dec 20, 2023
Sigmund Freund Sells Multifamily Property In Brooklyn For $7.5M
160 Stuyvesant Avenue, Brooklyn, New York 11221, United States
$7,452,000
$1,298/SF
Building Size
5,740 SF
Asset Type
MultiFamily
Closing
Mar 20, 2022
About this deal
AI
The multifamily property located at 160 & 164 Stuyvesant Ave. in Brooklyn has been sold for a total price of $7,452,000. The transaction took place on 03/21/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,452,000
- Address: 160 & 164 Stuyvesant Ave., Brooklyn
- Market: Brooklyn
- Units: 16
- Price Per Unit (PPU): $465,750
- Total Square Footage (SF): 11,220
- Price Per Square Foot (PPSF): $664
The seller of the property was Sigmund Freund. The brokers involved in the deal were Jack Harary from Latitude Property Group and Ari Harkov from Brown Harris Stevens.
If you are interested in buying or selling a property, please contact Jack Harary at [email protected] or 646-270-3607.
On the Map
$7,452,000
$1,298/SF
MultiFamily
View full map
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Jack Harary to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.13%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93