Updated Dec 21, 2023
Cynthia Rivera & Malcolm Louis Adams Acquires Multifamily In Bedford-Stuyvesant
178 Hancock Street, Brooklyn, New York 11216, United States
$2,300,000
$599/SF
Building Size
3,840 SF
Asset Type
MultiFamily
Closing
Jun 28, 2022
About this deal
AI
A multifamily property located at 178 Hancock St. in Bedford-Stuyvesant was recently sold for a total of $2,300,000. The property consists of 2 units, with each unit priced at $1,150,000. The total square footage of the property is 3,840, resulting in a price per square foot of $598. This transaction took place on June 29, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Units: 2
- Price per unit: $1,150,000
- Total Square Footage: 3,840
- Price per Square Foot: $598
Cynthia Rivera from Keller Williams City represented the seller in this deal, while Malcolm Louis Adams from Compass acted as the buyer's representative. This transaction marks a significant sale in the Bedford-Stuyvesant market.
Players
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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93