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371 Jefferson Avenue

Eugene Ilyayev Sells 2-unit Multifamily Property At 371 Jefferson Avenue In Bedford-Stuyvesant, Brooklyn
SOLDMultiFamily

Eugene Ilyayev Sells 2-unit Multifamily Property At 371 Jefferson Avenue In Bedford-Stuyvesant, Brooklyn

371 Jefferson Avenue

$1,999,999

$533/SF

Building Size

3,750 SF

Asset Type

MultiFamily

Closing

Nov 10, 2023

AI

The recently closed property transaction in Bedford-Stuyvesant, Brooklyn involved a multifamily asset located at 371 Jefferson Avenue. The property consists of 2 units with a total square footage of 3,750. The sale price for this transaction was $1,999,999, resulting in a price per unit of $1,000,000. The price per square foot for the property is $533. The transaction took place on 11/10/2023.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,999,999
  • Address: 371 Jefferson Avenue
  • Market: Bedford-Stuyvesant, Brooklyn
  • Units: 2
  • Square Footage: 3,750
  • Price per Unit: $1,000,000
  • Price per Square Foot: $533

The seller of the property was Eugene Ilyayev. The deal was facilitated by Afik Even, Sarig Brand, and Cassandra Reed-Frank from Highline Residential acting as the brokers representing the seller.

Players

Sarig Brand

Broker

$51M

vol

19 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

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93