Updated Sep 9, 2024
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
About this deal
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.
On the Map
$1,180,000
$338/SF
MultiFamily
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Brooklyn 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