Seven Manton Acquires Multifamily Property On Lafayette Ave In Bedford Stuyvesant, BK
702 Lafayette Ave, Bedford-Stuyvesant, Brooklyn, NY, USA
$1,450,000
$514/SF
Building Size
2,820 SF
Asset Type
MultiFamily
Closing
Mar 25, 2019
AI
The multifamily property located at 702 Lafayette Ave in Bedford Stuyvesant, BK has been sold for a price of $1,450,000. The property spans across 2,820 square feet, resulting in a price per square foot of $515.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Address: 702 Lafayette Ave
- Market: Bedford Stuyvesant, BK
The seller of the property was Ralph Mo, while the buyer was Seven Manton. The transaction was facilitated by brokers Natanel Malkoukian, Sammy Noiman, and Jennifer Carlson.
Players
Brooklyn 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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93