Updated Dec 31, 2025
Scott Fields And Adam Fields Acquire Multifamily Property From Joshua Yaghoubzadeh For $2.55M
505a Monroe Street
$2,550,000
$980/SF
Building Size
2,600 SF
Asset Type
MultiFamily
Closing
Dec 14, 2025
About this deal
AI
This transaction involves a multifamily property located at 505a Monroe Street in the Bedford Stuyvesant market. The asset has a sale price of $2,550,000 and consists of 2 units. The total square footage is 2,400, resulting in a price per unit of $1,275,000 and a price per square foot of $1,063.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,550,000
- Units: 2
- Square Feet: 2,400
- Price Per Unit: $1,275,000
- Price Per Square Foot: $1,063
- Buyer: Scott Fields & Adam Fields
- Seller: Joshua Yaghoubzadeh - Bolt Equities
- Date of Sale: 12/15/2025
The broker for the seller in this transaction was Joshua Yaghoubzadeh of Bolt Equities. A note from the seller indicated gratitude for the opportunity to share this off-market transaction which was placed under contract while still under construction. The note also mentioned increasing broker confidence and anticipation of more properties entering the market soon.
On the Map
$2,550,000
$980/SF
MultiFamily
View full map
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Brooklyn multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93