David Chang Acquires Multifamily Property On Lafayette Ave In Bedford-Stuyvesant For $3.9M
SOLD
$3,895,000
New York
See Similar DealsMultiFamily7,500 SF
Sold 06/04/2022
SOLD
David Chang Acquires Multifamily Property On Lafayette Ave In Bedford-Stuyvesant For $3.9M
733 Lafayette Avenue, Brooklyn, New York 11221, United States
See Similar DealsMultiFamily7,500 SF
Sold 06/04/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$519
Total Square Footage:7,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$207,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,838.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,464.29
Annual Debt Service$221,571.45
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