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
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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