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274 Skillman Street, Brookl...

Sam Schwartz Acquires Bedford-Styvesant Multifamily For $1.72M On Skillman Street
SOLDMultiFamily

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

Doron Berenholtz

The Corcoran Group

Broker

$16.5M

vol

16 deals

Broker

Evans Boateng

Seller

$3M

vol

2 deals

Seller

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