Updated Feb 21, 2025
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.
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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