Seven Manton Acquires Multifamily Property On Lafayette Ave In Bedford Stuyvesant, BK
SOLD
$1,450,000
New York
See Similar DealsMultiFamily2,820 SF
Sold 03/26/2019
SOLD
Seven Manton Acquires Multifamily Property On Lafayette Ave In Bedford Stuyvesant, BK
702 Lafayette Ave, Bedford-Stuyvesant, Brooklyn, NY, USA
See Similar DealsMultiFamily2,820 SF
Sold 03/26/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$514
Total Square Footage:2,820 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
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