Updated Oct 28, 2024
Stein Family Acquires Multifamily Property In Bedford-Stuyvesant For $2.95M
334 Chauncey Street, Brooklyn, New York 11233, United States
$2,950,000
$453/SF
Building Size
6,500 SF
Asset Type
MultiFamily
Closing
May 16, 2022
About this deal
AI
The multifamily property located at 334 Chauncey St. in Bedford-Stuyvesant has been sold for $2,950,000. The property spans approximately 6,500 square feet, resulting in a price per square foot of $453. The transaction took place on May 17, 2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,950,000
- Address: 334 Chauncey St.
- Market: Bedford-Stuyvesant
- Buyer: Stein Family
- Seller: Deergrow
- Broker: Marcel Fridman - Barcel Group
The buyer, Stein Family, acquired the property from the seller, Deergrow. The sale was facilitated by broker Marcel Fridman from the Barcel Group. The transaction marks a significant deal in the Bedford-Stuyvesant market.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Marcel Fridman to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93