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700 Lafayette Ave, Brooklyn...

Anna Corpe Acquires Multifamily Property In Bedford-Stuyvesant For $1.57M
SOLDMultiFamily

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

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.

Players

Sammy Noiman

Reavis Development Marketing

Broker

$17.8M

vol

3 deals

Broker
Nest Seekers International
Nest Seekers InternationalBrokerage

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