Benzion Weiss Acquires Multifamily Property In Flatbush For $1.18M
2177 Bedford Avenue, Brooklyn, NY 11226, USA
$1,180,000
$338/SF
Building Size
3,486 SF
Asset Type
MultiFamily
Closing
Mar 24, 2021
AI
The multifamily property located at 2177 Bedford Avenue in Flatbush has been sold for a price of $1,180,000. The property spans 8,870 square feet, resulting in a price per square foot of $133. The transaction took place on March 25, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,180,000
- Address: 2177 Bedford Avenue
- Market: Flatbush
The buyer of the property was Benzion Weiss, while the seller was The Primus Family. The deal was facilitated by Erik Rodriguez from Rodriguez Commercial Realty.
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
13.44%
Cash-on-Cash
-3.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93