Updated Oct 29, 2024
Deergrow Properties Sells Bedford-Stuyvesant Multifamily For $1.95M
563 Gates Avenue
$1,950,000
$420/SF
Building Size
4,640 SF
Asset Type
MultiFamily
Closing
Aug 18, 2023
About this deal
AI
A multifamily property located at 563 Gates Avenue in Bedford-Stuyvesant, Brooklyn has been sold. The property consists of 5 units with a total square footage of 4,640. The sale price for the property was $1,950,000, resulting in a price per unit of $390,000 and a price per square foot of $420.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,950,000
- Address: 563 Gates Avenue
- Market: Bedford-Stuyvesant, Brooklyn
- Seller: Deergrow Properties - Max Koz
- Broker: Marcel Fridman - Barcel Group
- Units: 5
- Square Footage: 4,640
- Price per Unit: $390,000
- Price per Square Foot: $420
The seller of the property was Deergrow Properties, represented by Max Koz. The broker in the transaction was Marcel Fridman from Barcel Group.
Players
Market 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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93