Brenda Duetsch Acquires Multifamily Property On Vernon Avenue, Bedford–Stuyvesant For $3.1M
SOLD
$3,075,000
New York
See Similar DealsMultiFamily10,875 SF
Sold 11/05/2021
SOLD
Brenda Duetsch Acquires Multifamily Property On Vernon Avenue, Bedford–Stuyvesant For $3.1M
160 Vernon Avenue, Bedford-Stuyvesant, Brooklyn, NY, USA
See Similar DealsMultiFamily10,875 SF
Sold 11/05/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$282
Total Square Footage:10,875 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$163,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,924.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,577.07
Annual Debt Service$174,924.83
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