Compass Brokers Sell Multifamily Property In Bedford-Stuyvesant For $1.87M
SOLD
$1,871,500
New York
See Similar DealsMultiFamily2,388 SF
Sold 07/29/2022
SOLD
Compass Brokers Sell Multifamily Property In Bedford-Stuyvesant For $1.87M
724 Decatur Street
See Similar DealsMultiFamily2,388 SF
Sold 07/29/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$783
Total Square Footage:2,388 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$99,813.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,649.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,871.86
Annual Debt Service$106,462.38
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