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505a Monroe Street

Scott Fields And Adam Fields Acquire Multifamily Property From Joshua Yaghoubzadeh For $2.55M
SOLDMultiFamily

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

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.

Players

BE
Bolt EquitiesSeller

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

6.22%

Cash-on-Cash

-1.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93