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Greenbrook Partners Acquires Multifamily Properties In Bedford-Stuyvesant And Ridgewood For $7.8M

Property Image
SOLD
$7,800,000

New York

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MultiFamily11,026 SF
Sold 09/09/2021
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Property Image
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 Deals
MultiFamily11,026 SF
Sold 09/09/2021
Contact now

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.

Players

BUYER

8 deals$81.2M volume
SELLER

Details

SOLD
IMAGE: 09/09/2021 ADDRESS: 25 Van Buren Street, 18-63 Linden Street & 16-36 Norman St MARKET: Bedford-Stuyvesant & Ridgewood ASSET TYPE: Multifamily ~ ZONING: BUYER: Greenbrook Partners SELLER: Nir Sapir & Jacob Fulop SALE PRICE: $7,800,000 BSF: 10,800 ~ PPBSF: $722 SF: 11,026 ~ PPSF: $707 UNITS: 14 ~ PPU: $557,142 FAR: 2.26 TAX CLASS: 2A LOT SIZE: 2,025 PERMITS: New Building (04/23/2014) LOT DIMENSIONS: 20.25 ft x 100 ft

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Deal Type
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