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Residents Group Acquires Multifamily Property In Bedford-Stuyvesant For $1.8M

Property Image
SOLD
$1,800,000
Jennifer Carlson
MR

New York

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MultiFamily2,800 SF
Sold 03/03/2022
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Property Image
SOLD

Residents Group Acquires Multifamily Property In Bedford-Stuyvesant For $1.8M

270 Throop Avenue, Brooklyn, New York 11206, United States

See Similar Deals
MultiFamily2,800 SF
Sold 03/03/2022
Jennifer Carlson
MR
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$642
Total Square Footage:2,800 SF
Transaction Type:Sale

A multifamily property located at 270 Throop Ave in Bedford-Stuyvesant has been sold for $1,800,000. The property consists of 3 units with a total of 2,800 square feet. The price per unit is $600,000 and the price per square foot is $642. The sale took place on 03/03/2022.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,800,000
  • Address: 270 Throop Ave
  • Market: Bedford-Stuyvesant

The buyer of the property is the Residents Group represented by Moses Rabinowitz. The seller is Vivian Farmery. The broker involved in the deal is Jennifer Carlson from Corcoran. Jennifer Carlson hosted an open house that attracted 50 visits. As a result, they received 20 offers on the property. The sale closed within 30 days from the date of the open house. The buyer, Residents Group, is actively looking for more properties in Bedford-Stuyvesant.

Players

Jennifer Carlson
The Corcoran Group
Jennifer Carlson
1 deal$1.8M volume
BROKER
MR
Moses Rabinowitz
5 deals$10.8M volume
BUYER

Details

SOLD
IMAGE: Jennifer Carlson DATE: 03/03/2022 ADDRESS: 270 Throop Ave. MARKET: Bedford-Stuyvesant ASSET TYPE: Multifamily BUYER: Residents Group - Moses Rabinowitz SELLER: Vivian Farmery BROKER: Jennifer Carlson - Corcoran SALE PRICE: $1,800,000 UNITS: 3 ~ PPU: $600,000 SF: 2,800 ~ PPSF: $642 NOTE FROM BROKER: Open house with 50 visits, 20 offers, closed 30 days TOE buyer is actively looking for more properties in Bedford-Stuyvesant

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
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