David Chang Acquires Multifamily Property On Lafayette Ave In Bedford-Stuyvesant For $3.9M
733 Lafayette Avenue, Brooklyn, New York 11221, United States
$3,895,000
$519/SF
Building Size
7,500 SF
Asset Type
MultiFamily
Closing
Jun 3, 2022
AI
Located at 733 Lafayette Ave in Bedford-Stuyvesant, this multifamily property was recently sold for $3,895,000. Spanning 7,500 square feet, the property offers a price per square foot of $519. The sale occurred on 06/04/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,895,000
- Market: Bedford-Stuyvesant
- Address: 733 Lafayette Ave
Yigal Adar was the seller of this property transaction. David Chang from Compass represented the buyer. Giovanni Castro, also from Compass, acted as the seller's representative. The deal was facilitated by these professionals in a successful 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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93