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Ariel Property Advisors Sells 17-Unit Multifamily Building In Bedford Stuyvesant, Brooklyn For $5.05M

Property Image
SOLD
$5,050,000
Benjamin Vago, Esq.
Dov Chein
Victor Sozio

New York

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MultiFamily17,600 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Ariel Property Advisors Sells 17-Unit Multifamily Building In Bedford Stuyvesant, Brooklyn For $5.05M

729 Lafayette Avenue

See Similar Deals
MultiFamily17,600 SF
Sold
Benjamin Vago, Esq.
Dov Chein
Victor Sozio
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$286
Total Square Footage:17600 SF
Transaction Type:Sale

A multifamily property located at 729 Lafayette Avenue in Bedford Stuyvesant, Brooklyn, has been sold in a transaction brokered by Victor Sozio, Dov Chein, and Benjamin Vago, Esq. of Ariel Property Advisors. The sale price for the property was $5,050,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,050,000
  • Units: 17
  • Price per Unit: $297,059
  • Square Footage: 17,600
  • Price per Square Foot: $287

The property consists of 17 units with a price per unit of $297,059. It spans a total area of 17,600 square feet, resulting in a price per square foot of $287.

Players

Victor Sozio
Ariel Property Advisors
Victor Sozio
111 deals$2.3B volume
BROKER
Dov Chein
Ariel Property Advisors
Dov Chein
9 deals$27.4M volume
BROKER
Benjamin Vago, Esq.
Ariel Property Advisors
Benjamin Vago, Esq.
24 deals$244.9M volume
BROKER

Details

SOLD
IMAGE: Victor Sozio, Dov Chein & Benjamin Vago, Esq. DATE: 12/30/2022 ADDRESS: 729 Lafayette Avenue MARKET: Bedford Stuyvesant, Brooklyn ASSET TYPE: Multifamily BROKERS: Victor Sozio, Dov Chein & Benjamin Vago, Esq. - Ariel Property Advisors SALE PRICE: $5,050,000 UNITS: 17 ~ PPU: $297,059 SF: 17,600 ~ PPSF: $287

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$269,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,941.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,939.58
Annual Debt Service$287,274.92