Benzion Weiss Acquires Multifamily Property In Flatbush For $1.18M
SOLD
$1,180,000
New York
See Similar DealsMultiFamily3,486 SF
Sold
SOLD
Benzion Weiss Acquires Multifamily Property In Flatbush For $1.18M
2177 Bedford Avenue, Brooklyn, NY 11226, USA
See Similar DealsMultiFamily3,486 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$338
Total Square Footage:3486 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,933.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,192.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,593.80
Annual Debt Service$67,125.62
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