Updated Jun 2, 2025
Shlomo Tajerstein Of TG Realty Acquires Multifamily Property In Bedford Stuyvesant For $2.6M
556 Lafayette Avenue
$2,600,000
$295/SF
Building Size
8,800 SF
Asset Type
MultiFamily
Closing
May 13, 2025
About this deal
AI
A multifamily asset located at 556 Lafayette Avenue in the Bedford Stuyvesant market has been sold. This eight-unit building has a total square footage of 8,800 and was sold for $2,600,000, translating to a price per unit of $325,000 and a price per square foot of $295.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Number of Units: 8
- Square Footage: 8,800
- Price Per Unit: $325,000
- Price Per Square Foot: $295
- Buyer: Shlomo Tajerstein - TG Realty
- Seller: Mayer Kohn
- Closing Date: May 13, 2025
In this transaction, TG Realty’s 556 Lafayette LLC acted as the buyer in acquiring the property from Mayer Kohn’s Lafayette Residence LLC. The transaction closed on May 13, 2025.
On the Map
$2,600,000
$295/SF
MultiFamily
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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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93