Anna Corpe Acquires Multifamily Property In Bedford-Stuyvesant For $1.57M
SOLD
$1,570,000
New York
See Similar DealsMultiFamily3,700 SF
Sold 07/02/2019
SOLD
Anna Corpe Acquires Multifamily Property In Bedford-Stuyvesant For $1.57M
700 Lafayette Ave, Brooklyn, NY 11216, USA
See Similar DealsMultiFamily3,700 SF
Sold 07/02/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$424
Total Square Footage:3,700 SF
Transaction Type:Sale
The multifamily property located at 700 Lafayette Ave in Bedford-Stuyvesant has been sold in a closed transaction. The property was listed with an asking price of $1,549,000 and ultimately sold for $1,570,000. It spans across 3,700 square feet and offers potential for various uses in the thriving Bedford-Stuyvesant market.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,570,000
- Seller: Ralph Mohadeb
- Buyer: Anna Corpe
The deal was negotiated by brokers Nathan Malkoukian and Sammy Noiman, representing the respective parties in the transaction. Their expertise and experience in the market contributed to the successful sale of the property.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$83,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,577.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,442.60
Annual Debt Service$89,311.21
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