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724 Decatur Street

Compass Brokers Sell Multifamily Property In Bedford-Stuyvesant For $1.87M
SOLDMultiFamily

Compass Brokers Sell Multifamily Property In Bedford-Stuyvesant For $1.87M

724 Decatur Street

$1,871,500

$783/SF

Building Size

2,388 SF

Asset Type

MultiFamily

Closing

Jul 29, 2022

AI

A multifamily property located at 724 Decatur St. in the Bedford-Stuyvesant market has been sold for a total price of $1,871,500. This property consists of 2 units, with an average price per unit of $935,750. The total square footage of the property is 2,388, resulting in a price per square foot of $783.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,871,500
  • Units: 2
  • Price Per Unit: $935,750
  • Square Footage: 2,388
  • Price Per Square Foot: $783

The deal was facilitated by brokers Malcolm Louis Adams, Morgan Munsey, and Perri DeFino from Compass. Their representation helped facilitate the successful sale of the property.

Note: Malcolm from @compass was the License Associate involved in the transaction.

Players

Malcolm Louis Adams

Compass

Broker

$27.9M

vol

15 deals

Broker

New York 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

8.48%

Cash-on-Cash

-2.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93