Brenda Duetsch Acquires Multifamily Property On Vernon Avenue, Bedford–Stuyvesant For $3.1M
160 Vernon Avenue, Bedford-Stuyvesant, Brooklyn, NY, USA
$3,075,000
$282/SF
Building Size
10,875 SF
Asset Type
MultiFamily
Closing
Nov 5, 2021
AI
The multifamily property located at 160 Vernon Avenue in Bedford–Stuyvesant has been sold for a price of $3,075,000. The property consists of 16 units, with a price per unit (PPU) of $192,187. The total square footage of the property is 10,875, with a price per square foot (PPSF) of $282.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,075,000
- Address: 160 Vernon Avenue
- Market: Bedford–Stuyvesant
The buyer of the property is Brenda Duetsch, and the seller is Allen Stein. The transaction was facilitated by Santo Rosabianca from WIRE International Realty.
Players
Brooklyn 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