Moishy Langer Acquires Multifamily Property In Brooklyn For $1.275M
2329 Bedford Ave, Brooklyn, NY 11226, USA
$1,275,000
$354/SF
Building Size
3,600 SF
Asset Type
MultiFamily
Closing
Nov 28, 2020
AI
The multifamily property located at 2329 Bedford Ave in Prospect Lefferts Garden, Brooklyn was recently sold. The property spans 3,600 square feet, with a price per square foot of $354.
Summary of transaction details
- Property Type: Multifamily
- Asking Price: $1,300,000
- Sale Price: $1,275,000
- Address: 2329 Bedford Ave
- Market: Brooklyn, Prospect Lefferts Garden
The seller of the property was Matt Davidson from Rockford Holdings Group. The buyer, Moishy Langer, purchased the building vacant and has filed plans for a conversion from 3 to 6 units. The transaction was facilitated by Abe Steinberg, the broker.
Players
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
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93