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

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.