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347A Gates Ave, Brooklyn, N...

Rebecca Stubbs Acquires Multifamily Property In Brooklyn For $1.5M With Broker Shai Ziegler
SOLDMultiFamily

Rebecca Stubbs Acquires Multifamily Property In Brooklyn For $1.5M With Broker Shai Ziegler

347A Gates Ave, Brooklyn, NY 11216, USA

$1,500,000

$55/SF

Building Size

27,000 SF

Asset Type

MultiFamily

Closing

Jun 5, 2019

AI

The multifamily property located at 347A Gates Avenue in Brooklyn, Bedford Stuyvesant, was recently sold in a closed transaction. The property spans across 2,700 square feet and has a price per square foot of $555. The asking price for the property was $1,399,999, but it was eventually sold for $1,500,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,500,000
  • Address: 347A Gates Avenue
  • Market: Brooklyn, Bedford Stuyvesant

Williemae Williams, the seller, successfully closed the deal with Rebecca Stubbs, the buyer. The transaction was facilitated by Shai Ziegler, who represented the parties involved in the deal.

Players

Shai Ziegler

Broker

$1.5M

vol

1 deal

Broker

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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93