Guy Peleg Acquires Multi Family Property In Bedford-Stuyvesant, Brooklyn For $3.5M
827 Gates Ave, Brooklyn, NY 11221, USA
$705,000
$27/SF
Building Size
25,800 SF
Asset Type
MultiFamily
Closing
Sep 15, 2020
AI
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
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
22.50%
Cash-on-Cash
-6.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93