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556 Lafayette Avenue

Shlomo Tajerstein Of TG Realty Acquires Multifamily Property In Bedford Stuyvesant For $2.6M
SOLDMultiFamily

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

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.

Players

Shlomo Tajerstein

Buyer

$31.7M

vol

3 deals

Buyer

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