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305 Tompkins Avenue

Shimon Weber Acquires Multifamily In Bed-Stuy, Brooklyn For $1.075M
SOLDMultiFamily

Shimon Weber Acquires Multifamily In Bed-Stuy, Brooklyn For $1.075M

305 Tompkins Avenue

$1,075,000

$158/SF

Building Size

6,800 SF

Asset Type

MultiFamily

Closing

Feb 20, 2024

AI

The multifamily property located at 305 Tompkins Avenue in Bed-Stuy, Brooklyn, was sold for $1,075,000. The property comprises 9 units with a total square footage of 6,800. The price per unit stood at $119,444, and the price per square foot was $158.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,075,000
  • Units: 9
  • Square Footage: 6,800
  • Price Per Unit: $119,444
  • Price Per Square Foot: $158
  • Address: 305 Tompkins Avenue
  • Market: Bed-Stuy, Brooklyn

Shimon Weber purchased the property from Zeneida Baez. Derek Bestreich, Steve Reynolds, Tom Reynolds, Brian Davila, and Noah Middlekauff of Investment Property Realty Group (IPRG) represented both parties in the transaction.

Players

Brian Davila

Investment Property Realty Group (IPRG)

Broker

$283.4M

vol

108 deals

Broker

Brooklyn 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

14.76%

Cash-on-Cash

-4.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93