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Abbey Spence & Keith Spence Acquire Multifamily Property In Bedford-Stuyvesant For $3.22M

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SOLD
$3,220,000

New York

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MultiFamily4,020 SF
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Property Image
SOLD

Abbey Spence & Keith Spence Acquire Multifamily Property In Bedford-Stuyvesant For $3.22M

50 Monroe Street, Brooklyn, NY 11238

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MultiFamily4,020 SF
Sold
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$801
Total Square Footage:4020 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 50 Monroe Street in the Bedford-Stuyvesant market. The property is zoned as R6B and spans a total of 4,020 square feet. The sale took place on 12/03/2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,220,000
  • Address: 50 Monroe Street
  • Market: Bedford-Stuyvesant
  • Zoning: R6B

The buyer in this transaction is Abbey Spence and Keith Spence. The seller is Yoseff Azour. The deal was facilitated by broker Nina Sabag from 5 Boro Realty.

The sale price for the property was $3,220,000, resulting in a price per square foot of $800. The property consists of two units, with a price per unit of $1,610,000.

Players

Nina Sabag
5 Boro Realty
Nina Sabag
22 deals$40.3M volume(855) 305-3325
BROKER

Details

SOLD
IMAGE: Nina Sabag DATE: 12/03/2021 ADDRESS: 50 Monroe Street MARKET: Bedford-Stuyvesant ASSET TYPE: Multifamily ~ ZONING: R6B BUYER: Abbey Spence & Keith Spence SELLER: Yoseff Azour BROKER: Nina Sabag - 5 Boro Realty (@5_Boro_Realty) SALE PRICE: $3,220,000 SF: 4,020 ~ PPSF: $800 UNITS: 2 ~ PPU: $1,610,000

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,439.99
Cash-on-Cash Return-1.27%
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