SOLD
The Ben-Josef Group Acquires Multifamily Property In Bedford Stuyvesant For $22.48M
691 Marcy Avenue
MultiFamily
33,008 SF
33,008 SF
Sold 1 year ago
Summary
Sale
NEW YORK
MultiFamily
33,008 sqft
A multifamily property located at 691 Marcy Avenue in Bedford Stuyvesant, Brooklyn was recently sold for $22,480,000. The property consists of 41 units with an average price per unit of $548,293. The total square footage of the property is 33,008, resulting in a price per square foot of $681. The cap rate for the transaction is 4.75%. The sale took place on 12/11/2020.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $22,480,000
- Address: 691 Marcy Avenue
- Market: Bedford Stuyvesant, Brooklyn
The buyer for this transaction was The Ben-Josef Group, while the seller was Brookland Capital - Ronel Ben-Dov. The deal was facilitated by brokers Yoav Oelsner and Glenn Tolchin from Upland Property Advisors NYC.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Yoav Oelsner, Ronel Ben-Dov & @GlennTolchin
DATE: 12/11/2020
ADDRESS: 691 Marcy Avenue
MARKET: Bedford Stuyvesant, Brooklyn
ASSET TYPE: Multifamily
BUYER: The Ben-Josef Group
SELLER: Brookland Capital - Ronel Ben-Dov
BROKERS: Yoav Oelsner (@YoavOel) & @GlennTolchin - Upland Property Advisors NYC
PRICE: $22,480,000
UNITS: 41 ~ PPU: $548,293
SF: 33,008 ~ PPSF: $681
CAP: 4.75%View on map
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Address691 Marcy Avenue
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