Updated Dec 21, 2023
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
About this deal
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
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