Sharif Sayed Acquires Multifamily Property On Bedford Ave. In Prospect-Lefferts Gardens For $1.975M
SOLD
$1,975,000
+ 3
New York
See Similar DealsMultiFamily7,128 SF
Sold 07/06/2022
SOLD
Sharif Sayed Acquires Multifamily Property On Bedford Ave. In Prospect-Lefferts Gardens For $1.975M
2031 Bedford Avenue, Brooklyn, New York 11226, United States
See Similar DealsMultiFamily7,128 SF
Sold 07/06/2022
+ 3
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$277
Total Square Footage:7,128 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$105,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,016.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,362.51
Annual Debt Service$112,350.09
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