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
Brooklyn 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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93