facebook
Traded Co logo
Submit
Daily limit: 0/10

Kevon David Purchases Multifamily Asset At 516 Hancock Street From Federico Frazer For $3.2M

Property Image
SOLD
$3,200,000

New York

See Similar Deals
MultiFamily3,579 SF
Sold 03/24/2025
the dealdetailscomps
Property Image
SOLD

Kevon David Purchases Multifamily Asset At 516 Hancock Street From Federico Frazer For $3.2M

516 Hancock Street

See Similar Deals
MultiFamily3,579 SF
Sold 03/24/2025
the dealdetailscomps

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$894
Total Square Footage:3,579 SF
Transaction Type:Sale

A multifamily property located at 516 Hancock Street in the Bedford-Stuyvesant market of Brooklyn was sold for $3,200,000. This asset encompasses a total area of 3,579 square feet, resulting in a price per square foot of $894.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $3,200,000
  • Address: 516 Hancock Street
  • Market: Bedford-Stuyvesant, Brooklyn
  • Buyer: Kevon David
  • Seller: Federico Frazer
  • Square Footage: 3,579
  • Price per Square Foot: $894

The transaction involves Kevon David as the buyer, who acquired the property from seller Federico Frazer on March 24, 2025. This sale reflects the ongoing activity in the Bedford-Stuyvesant area, indicating investor interest in multifamily properties.

Details

SOLD
IMAGE: 03/24/2025 ADDRESS: 516 Hancock Street MARKET: Bedford-Stuyvesant, Brooklyn ASSET TYPE: MultiFamily BUYER: Kevon David SELLER: Federico Frazer SALE PRICE: $3,200,000 SF: 3,579 ~ PPSF: $894 NOTE: A multifamily property at 516 Hancock Street in Bedford-Stuyvesant, Brooklyn, was sold for $3,200,000 on March 24, 2025. The buyer, Kevon David, acquired the 3,579 square-foot asset from seller Federico Frazer, resulting in a price per square foot of $894.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$170,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59