Greenbrook Partners Acquires Multifamily Properties In Bedford-Stuyvesant And Ridgewood For $7.8M
SOLD
$7,800,000
New York
See Similar DealsMultiFamily11,026 SF
Sold 09/09/2021
SOLD
Greenbrook Partners Acquires Multifamily Properties In Bedford-Stuyvesant And Ridgewood For $7.8M
25 Van Buren Street, Bedford-Stuyvesant, Brooklyn, NY, USA
See Similar DealsMultiFamily11,026 SF
Sold 09/09/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$707
Total Square Footage:11,026 SF
Transaction Type:Sale
The multifamily property located at 25 Van Buren Street, 18-63 Linden Street, and 16-36 Norman St in Bedford-Stuyvesant & Ridgewood has been sold in a closed transaction.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $7,800,000
- Building Square Footage: 10,800
- Price per Building Square Foot: $722
- Total Square Footage: 11,026
- Price per Square Foot: $707
- Number of Units: 14
- Price per Unit: $557,142
- Lot Size: 2,025
- Zoning:
- FAR: 2.26
- Tax Class: 2A
- Permits: New Building (04/23/2014)
- Lot Dimensions: 20.25 ft x 100 ft
The buyer of the property is Greenbrook Partners, while the seller is Nir Sapir & Jacob Fulop.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$415,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,711.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,975.98
Annual Debt Service$443,711.75
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