facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

733 Dekalb Avenue, Brooklyn...

Aperture Holdings Acquires Multifamily Property In Bedford-Stuyvesant For $2.5M
SOLDMultiFamily

Aperture Holdings Acquires Multifamily Property In Bedford-Stuyvesant For $2.5M

733 Dekalb Avenue, Brooklyn, New York 11216, United States

$2,500,000

$512/SF

Building Size

4,875 SF

Asset Type

MultiFamily

Closing

Jul 20, 2021

AI

The property involved in this transaction is a multifamily building located at 733 Dekalb Avenue in the Bedford-Stuyvesant area. The property has a zoning designation of R6A and sits on a lot size of 2,500 square feet with dimensions of 25 ft x 100 ft. The building has a total square footage of 4,875 and a building square footage (BSF) of 7,500. It consists of 6 units, with an average unit price (PPU) of $416,666. The sale price for this property was $2,500,000, resulting in a price per square foot (PPSF) of $512. The cap rate for this transaction is 5.85%.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $2,500,000
  • Market: Bedford-Stuyvesant
  • Buyer: Aperture Holdings - Pir Granoff & Douglas Baillie
  • Seller: CBZ Management
  • Brokers: Shaun Riney & Daniel Greenblatt
  • BSF: 7,500
  • PPBSF: $333
  • SF: 4,875
  • PPSF: $512
  • Units: 6
  • PPU: $416,666
  • CAP: 5.85%
  • FAR: 1.95
  • TAX CLASS: 2A
  • LOT DIMENSIONS: 25 ft x 100 ft

The buyer for this transaction is Aperture Holdings represented by Pir Granoff and Douglas Baillie. The seller is CBZ Management. The brokers involved in this deal are Shaun Riney and Daniel Greenblatt.

Players

Daniel Greenblatt

Marcus & Millichap

Broker

$263.4M

vol

69 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker
Pir Granoff

Pir Granoff

Aperture Holdings

Buyer

$33M

vol

9 deals

Buyer
AH
Aperture HoldingsBuyer
CM
CBZ ManagementSeller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93