Updated Sep 9, 2024
Ariel Property Advisors Sells 17-Unit Multifamily Building In Bedford Stuyvesant, Brooklyn For $5.05M
729 Lafayette Avenue
$5,050,000
$286/SF
Building Size
17,600 SF
Asset Type
MultiFamily
Closing
Dec 30, 2022
About this deal
AI
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
Bedford Stuyvesant, 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
3.14%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93