David Chang Of Compass Sells Bedford-Stuyvesant Multifamily For $11.75M
598 Myrtle Avenue
$11,750,000
$1,892/SF
Building Size
6,210 SF
Asset Type
MultiFamily
Closing
Sep 20, 2022
AI
The multifamily property located at 598-600 Myrtle Ave in Bedford-Stuyvesant has been sold for $11,750,000. The transaction took place on 09/20/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,750,000
- Market: Bedford-Stuyvesant
- Square Footage: 6,210
- Price Per Square Foot: $1,892
- Broker: David Chang - Compass
The property, spanning 6,210 square feet, is located at 598-600 Myrtle Ave in Bedford-Stuyvesant. The sale price for the multifamily asset was $11,750,000, with a price per square foot of $1,892. Representing the deal was broker David Chang from Compass.
Players
New York 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
1.35%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93