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Guy Peleg Acquires Multi Family Property In Bedford-Stuyvesant, Brooklyn For $3.5M

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SOLD
$705,000

New York

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MultiFamily25,800 SF
Sold 09/16/2020
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SOLD

Guy Peleg Acquires Multi Family Property In Bedford-Stuyvesant, Brooklyn For $3.5M

827 Gates Ave, Brooklyn, NY 11221, USA

See Similar Deals
MultiFamily25,800 SF
Sold 09/16/2020
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$27
Total Square Footage:25,800 SF
Transaction Type:Sale

A multi-family property located at 192 Stuyvesant Avenue in Bedford-Stuyvesant, Brooklyn has been sold. The property is zoned as R6A, C2-4 and has a lot size of 1,875 square feet. The building has a total square footage of 7,907, with a buildable square footage (BSF) of 5,625. The purchase price for this property was $3,500,000, resulting in a price per buildable square footage (PPBSF) of $622, and a price per square foot (PPSF) of $443. The property has a floor-area ratio (FAR) of 4.22 and falls under tax class 2B. The previous sale of this property took place on August 19, 2015, with a sale price of $0.

Summary of transaction details

  • Property Type: Multi Family
  • Transaction Amount: $3,500,000
  • Address: 192 Stuyvesant Avenue, Bedford-Stuyvesant, Brooklyn
  • Market: Bedford-Stuyvesant, Brooklyn
  • Zoning: R6A, C2-4

Guy Peleg purchased the property from Avraham Benhamo. The transaction involved a total of 5,625 buildable square footage. The lot dimensions are 18.75 ft x 100 ft.

Players

Ben Kopilev
4 deals$19.3M volume(646) 943-8619
BROKER

Details

SOLD
IMAGE: 12/02/2021 ADDRESS: 192 Stuyvesant Avenue MARKET: Bedford-Stuyvesant, Brooklyn ASSET TYPE: Multi Family ~ ZONING: R6A, C2-4 BUYER: Guy Peleg SELLER: Avraham Benhamo PRICE: $3,500,000 BSF: 5,625 ~ PPBSF: $622 SF: 7,907 ~ PPSF: $443 FAR: 4.22 TAX CLASS: 2B LOT SIZE: 1,875 LAST SALE PRICE: $0 (8/19/2015) LOT DIMENSION: 18.75 ft x 100 ft

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$37,600.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$2,504.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,342.06
Annual Debt Service$40,104.72