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390 Stuyvesant Avenue, Broo...

Updated Feb 21, 2025

Zoe Buckman Acquires Multifamily Property In Bedford-Stuyvesant For $3.8M
SOLDMultiFamily

Zoe Buckman Acquires Multifamily Property In Bedford-Stuyvesant For $3.8M

390 Stuyvesant Avenue, Brooklyn, New York 11233, United States

$3,800,000

$861/SF

Building Size

4,410 SF

Asset Type

MultiFamily

Closing

Feb 9, 2022

About this deal

AI

A multifamily property located at 390 Stuyvesant Avenue in Bedford-Stuyvesant, Brooklyn, was recently sold for $3,800,000. The property has a building square footage (BSF) of 3,706, with a price per BSF (PPBSF) of $1,025. The total square footage (SF) is 4,410, with a price per SF (PPSF) of $862. The property has a floor area ratio (FAR) of 2.38 and falls under tax class 1. The lot size is 1,853 and the last recorded sale price was $1,675,000 on March 13, 2018. It received permits for alterations on September 4, 2020, and has lot dimensions of 19.5 ft x 95 ft.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,800,000
  • Address: 390 Stuyvesant Avenue, Bedford-Stuyvesant, Brooklyn
  • Market: Bedford-Stuyvesant, Brooklyn
  • Zoning: R6B
  • Buyer: Zoe Buckman
  • Seller: Seth Weissman
  • BSF: 3,706
  • PPBSF: $1,025
  • SF: 4,410
  • PPSF: $862
  • FAR: 2.38
  • Tax Class: 1
  • Lot Size: 1,853
  • Last Sale Price: $1,675,000 (03/13/2018)
  • Permits: Alteration (09/04/2020)
  • Lot Dimension: 19.5 ft x 95 ft

Zoe Buckman was the buyer of the property, and Seth Weissman was the seller.

Players

Seth Weissman

Urban Standard Capital

Broker

$612.4M

vol

59 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $861 per square foot on a published $3.8M for 4,410 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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