Updated Dec 19, 2023
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
About this deal
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.
On the Map
$3,075,000
$282/SF
MultiFamily
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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