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276 Gates Avenue, Brooklyn,...

Pushing Forward Realty Sells 2-Unit Multifamily Property In Bedford-Stuyvesant For $3.55M
SOLDMultiFamily

Pushing Forward Realty Sells 2-Unit Multifamily Property In Bedford-Stuyvesant For $3.55M

276 Gates Avenue, Brooklyn, New York 11216, United States

$3,550,000

$1,095/SF

Building Size

3,240 SF

Asset Type

MultiFamily

Closing

Mar 8, 2022

AI

A multifamily property located at 276 Gates Ave. in Bedford-Stuyvesant, Brooklyn has been sold for a price of $3,550,000. The property consists of a legal 2 Family Brownstone with a total of 2 units. The sale was facilitated by Joshua Brown of Pushing Forward Realty. The property spans an area of 3,250 square feet, resulting in a price per square foot of $1,092.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,550,000
  • Address: 276 Gates Ave.
  • Market: Bedford-Stuyvesant

Josua Brown, representing Pushing Forward Realty, played a pivotal role in the successful sale of this property. For more information or inquiries, Joshua Brown can be contacted at 516-778-8360 or via email at [email protected].

Players

Joshua Brown

Pushing Forward Development

Broker

$15.2M

vol

14 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.47%

Cash-on-Cash

-1.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93