SOLDMultiFamily
Greenbrook Partners Acquires Multifamily Properties In Bedford-Stuyvesant And Ridgewood For $7.8M
25 Van Buren Street, Bedford-Stuyvesant, Brooklyn, NY, USA
$7,800,000
$707/SF
Building Size
11,026 SF
Asset Type
MultiFamily
Closing
Sep 8, 2021
AI
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
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
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93