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442 Gates Avenue

Peter West Sells MultiFamily Asset At 442 Gates Avenue Bed-Stuy Brooklyn For $1.55M
SOLDMultiFamily

Peter West Sells MultiFamily Asset At 442 Gates Avenue Bed-Stuy Brooklyn For $1.55M

442 Gates Avenue

$1,550,000

$484/SF

Building Size

3,200 SF

Asset Type

MultiFamily

Closing

Apr 14, 2026

AI

The property involved in the transaction is a MultiFamily asset located at 442 Gates Avenue in Bed-Stuy, Brooklyn. The sale was completed for a price of $1,550,000, encompassing 4 units with a price per unit of $387,500. The building has a total square footage of 3,200 and a price per square foot of $484.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,550,000
  • Units: 4
  • Price Per Unit: $387,500
  • Square Footage: 3,200
  • Price Per Square Foot: $484
  • Seller: Peter West
  • Broker Representatives: Derek Bestreich, Adam Lobel, Steve Reynolds, Tom Reynolds, & Brian Davila - Investment Property Realty Group (IPRG)
  • Date of Sale: 4/15/2026

The transaction was represented by a team from Investment Property Realty Group (IPRG), highlighting the involvement of Derek Bestreich, Adam Lobel, Steve Reynolds, Tom Reynolds, and Brian Davila as broker representatives in facilitating the deal.

Players

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$602.2M

vol

141 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

10.23%

Cash-on-Cash

-2.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93