Updated Dec 20, 2023
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
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
3.91%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93