Updated Dec 21, 2023
Sharif Sayed Acquires Multifamily Property On Bedford Ave. In Prospect-Lefferts Gardens For $1.975M
2031 Bedford Avenue, Brooklyn, New York 11226, United States
$1,975,000
$277/SF
Building Size
7,128 SF
Asset Type
MultiFamily
Closing
Jul 5, 2022
About this deal
AI
A multifamily property located at 2031 Bedford Ave. in Prospect-Lefferts Gardens has been sold for $1,975,000. The property consists of 8 units with a total square footage of 7,128. The sale price per unit is $246,875, and the price per square foot is $277.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,975,000
- Units: 8
- Price per Unit: $246,875
- Square Footage: 7,128
- Price per Square Foot: $277
Sharif Sayed has purchased the property. The deal was facilitated by Yosef Katz, Erik Yankelovich, Shlomo Antebi, Bobby Hedaya, and Natan Safdieh of Atlas Realty Group Partners LLC.
On the Map
$1,975,000
$277/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.03%
Cash-on-Cash
-2.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93