Updated Sep 9, 2024
Anna Corpe Acquires Multifamily Property In Bedford-Stuyvesant For $1.57M
700 Lafayette Ave, Brooklyn, NY 11216, USA
$1,570,000
$424/SF
Building Size
3,700 SF
Asset Type
MultiFamily
Closing
Jul 1, 2019
About this deal
AI
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.
On the Map
$1,570,000
$424/SF
MultiFamily
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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
10.10%
Cash-on-Cash
-2.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93