Sam Schwartz Acquires Bedford-Styvesant Multifamily For $1.72M On Skillman Street
274 Skillman Street, Brooklyn, New York 11205, United States
$1,725,000
$726/SF
Building Size
2,376 SF
Asset Type
MultiFamily
Closing
Jan 13, 2022
AI
The multifamily property located at 274 Skillman Street in Bedford-Stuyvesant has been sold for a price of $1,725,000. The transaction took place on January 13, 2022. The property is zoned as R6B and has a total area of 4,400 square feet. The building itself spans 2,376 square feet. The price per square foot for this sale was $726, while the price per buildable square foot was $392. The lot dimensions measure 22 feet by 100 feet. Doron Berenholtz from The Corcoran Group represented the seller, Evans Boateng, in this deal. The buyer, Sam Schwartz, was represented by Doron Berenholtz as well.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,725,000
- Address: 274 Skillman Street
- Market: Bedford-Stuyvesant
- Zoning: R6B
- BSF: 4,400
- PPBSF: $392
- SF: 2,376
- PPSF: $726
- Lot Dimensions: 22 ft x 100 ft
Doron Berenholtz from The Corcoran Group facilitated the sale of this multifamily property located in Bedford-Stuyvesant. The buyer, Sam Schwartz, successfully acquired the property from the seller, Evans Boateng. Both the buyer and the seller were represented by Doron Berenholtz in this transaction.
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
9.20%
Cash-on-Cash
-2.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93