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Shlomo Tajerstein Of TG Realty Acquires Multifamily Property In Bedford Stuyvesant For $2.6M
SOLD
$2,600,000
New York
See Similar DealsMultiFamily8,800 SF
Sold 05/13/2025
SOLD
Shlomo Tajerstein Of TG Realty Acquires Multifamily Property In Bedford Stuyvesant For $2.6M
556 Lafayette Avenue
See Similar DealsMultiFamily8,800 SF
Sold 05/13/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$295
Total Square Footage:8,800 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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