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2031 Bedford Avenue, Brookl...

Sharif Sayed Acquires Multifamily Property On Bedford Ave. In Prospect-Lefferts Gardens For $1.975M
SOLDMultiFamily

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

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.

Players

Natan Safdieh

Atlas Realty Group

Broker

$113.5M

vol

22 deals

Broker

Sharif Sayed

Buyer

$4.2M

vol

2 deals

Buyer

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

8.03%

Cash-on-Cash

-2.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93