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].
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
4.47%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93