Klosed Properties Acquires Multifamily Property In Bedstuy, Brooklyn For $2.5M
285 Quincy Street, Bedford-Stuyvesant, Brooklyn, NY, USA
$2,500,000
$80/SF
Building Size
31,042 SF
Asset Type
MultiFamily
Closing
Jan 7, 2021
AI
The multifamily property located at 285 Quincy Street in Bedstuy, Brooklyn has been sold. The property, with a total area of 31,042 square feet, was purchased by Klosed Properties, represented by Steven Kachanian, Jacob Namdar, and Adam Hajibai. The sale was facilitated by brokers Matthew Cosentino and Fred Bijou from TerraCRG. The selling party was Wilmaud Realty Corp. The transaction took place on January 8th, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Address: 285 Quincy Street, Bedstuy, Brooklyn
- Market: Bedstuy, Brooklyn
- Zoning: R6B
Klosed Properties, a real estate company, expressed their excitement about this acquisition, as it marks their first purchase of 2021. They currently have nine other deals under contract and are actively seeking opportunities to expand their portfolio in the New York Metro area. For further inquiries or potential property opportunities, interested parties can reach out to Adam Hajibai and Jacob Namdar, whose contact information is provided below.
Contact information:
- Adam Hajibai: [email protected], 516 858-0024
- Jacob Namdar: [email protected], 646-688-3666
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93