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702 Lafayette Ave, Bedford-...

Seven Manton Acquires Multifamily Property On Lafayette Ave In Bedford Stuyvesant, BK
SOLDMultiFamily

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

Jennifer Carlson

Coldwell Banker

Broker

$1.5M

vol

1 deal

Broker
Nest Seekers International
Nest Seekers InternationalBrokerage

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