Ahmadu Garba And Jordan Garba Purchase Multifamily Building At 222 Van Buren Street For $2.7M
222 Van Buren Street
$2,700,000
$1,184/SF
Building Size
2,280 SF
Asset Type
MultiFamily
Closing
Oct 21, 2024
AI
A five-unit residential building located at 222 Van Buren Street in Bedford Stuyvesant, Brooklyn was sold for $2,700,000. The building encompasses a total square footage of 2,280, with a price per square foot of $1,184. It has a building size factor (BSF) of 3,800, translating to a price per BSF of $711.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Address: 222 Van Buren Street
- Market: Bedford Stuyvesant, Brooklyn
- Building Size Factor (BSF): 3,800
- Price per BSF: $711
- Square Footage (SF): 2,280
- Price per Square Foot (PPSF): $1,184
- Buyer: Ahmadu Garba & Jordan Garba
- Seller: Alex Piroozian
- Date of Sale: October 21, 2024
Ahmadu Garba and Jordan Garba represented the buyers in this transaction, while Alex Piroozian was the seller involved in the deal.
Players
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93