facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

530 Lafayette Avenue, Bedfo...

Updated Dec 20, 2023

Bestreich Realty Group Sells Multifamily Property In Bedford-Stuyvesant, Brooklyn
SOLDMultiFamily

Bestreich Realty Group Sells Multifamily Property In Bedford-Stuyvesant, Brooklyn

530 Lafayette Avenue, Bedford-Stuyvesant, Brooklyn, NY, USA

$4,054,379

$754/SF

Building Size

5,377 SF

Asset Type

MultiFamily

Closing

Oct 13, 2021

About this deal

AI

Located at 530 Lafayette Avenue in Bedford-Stuyvesant, Brooklyn, this multifamily property was recently sold in a closed transaction. The sale took place on October 13, 2021, with a sale price of $4,054,379. The property consists of 7 units, with an average price per unit of $579,197. The total square footage of the property is 5,377, resulting in a price per square foot of $754.

Summary of transaction details

  • Property Type: Multifamily
  • Sale Price: $4,054,379
  • Units: 7
  • Price per Unit: $579,197
  • Square Footage: 5,377
  • Price per Square Foot: $754
  • Market: Bedford-Stuyvesant, Brooklyn

Ari Harkov represented the buyer in this transaction, while the seller was represented by Derek Bestreich, Luke Sproviero, Steve Reynolds, Tom Reynolds, Brian Davila, and Sean Mashihi of Bestreich Realty Group. These key individuals played a crucial role in facilitating the sale of the property.

Players

Brian Davila

Investment Property Realty Group (IPRG)

Broker

$290.4M

vol

111 deals

Broker

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $754 per square foot on a published $4.1M for 5,377 square feet (2021).

Visit Sean Mashihi to view all their deals.

Browse New York multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.91%

Cash-on-Cash

-1.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets