Estate Of Winston Burnham Sells Multifamily Property In Bedford-Stuyvesant For $2.99M
568 Jefferson Avenue, Bedford-Stuyvesant, Brooklyn, NY, USA
$2,995,000
$1,361/SF
Building Size
2,200 SF
Asset Type
MultiFamily
Closing
Jan 27, 2021
AI
The multifamily property located at 568 Jefferson Avenue in Bedford-Stuyvesant was recently sold. The sale was facilitated by Marcel Fridman of Barcel Group, who represented the seller, the Estate of Winston Burnham. The property was sold for a price of $2,995,000. The building spans a total of 6,842 square feet, resulting in a price per square foot of $437. It is worth noting that the building was delivered fully vacant at the time of closing.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,995,000
- Address: 568 Jefferson Avenue
- Market: Bedford-Stuyvesant
- Zoning: R6B
Marcel Fridman of Barcel Group played a key role in the transaction as the seller's representative. His expertise helped facilitate the sale of the property smoothly and efficiently.
Players
New York 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
5.30%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93