Yehuda Cohen Sells Multifamily Property In Bedford-Stuyvesant For $3.17M

A multifamily property located at 395 Kosciuszko Street in Bedford-Stuyvesant, Brooklyn has been sold for a price of $3,174,623. The property spans 3,600 square feet and has a price per square foot of $881. It consists of six units, resulting in a price per unit of $529,166. The previous sale of the property was recorded in June 2019 with a price of $1,650,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,174,623
• Address: 395 Kosciuszko Street
• Market: Bedford-Stuyvesant
• Zoning: R6A

The seller of the property was Yehuda Cohen, while the buyer was represented by DJ Johnston from B6 Real Estate Advisors and Ari Harkov from Brown Harris Stevens. The team at B6 Real Estate Advisors successfully closed the deal, noting that the building underwent a complete gut renovation. The property offers well-designed and high-quality rental units, mainly consisting of 2-bedroom layouts with ground floor duplexes. The Harkov Team of BHS represented the buyer in the transaction.

The sales price of $3,174,623 translates to a price per square foot of $882 (above grade) and a price per unit of $529,000. The property's cash flow is anticipated to yield a 4.5% Cap Rate with potential improvement as leases turn over. The team's proforma analysis reflects a 5% Cap Rate against current market rents. Notably, the team at B6 Real Estate Advisors has vast experience in the Bed-Stuy, Bushwick, and Crown Heights neighborhoods, having sold nearly 300 properties in these areas. They also provide free property valuations and research reports to property owners in the submarket for future planning.

Contact information for DJ Johnston of B6 Real Estate Advisors:
Phone: 914-584-7422
Email: [email protected]