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
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