Jacob Berger Acquires Multifamily Property On Lafayette Avenue, Bedford-Stuyvesant, Brooklyn For $2.3M

Located at 746 Lafayette Avenue in Bedford-Stuyvesant, Brooklyn, this multifamily property was recently sold in a closed transaction. The property is zoned as R6B and offers a total of 4,030 square feet of space. Built in 2015, it consists of four units and is situated in a desirable market.

Summary of transation details

• Property Type: Multifamily
• Sale Price: $2,305,000
• Square Footage: 4,030
• Price per Square Foot: $571
• Number of Units: 4
• Price per Unit: $576,250
• Buyer: Jacob Berger
• Seller: Kobi Shashua
• Broker: Isaac Matayev - Asset Commercial Realty Group

The buyer, Jacob Berger, acquired the property from the seller, Kobi Shashua. Isaac Matayev from Asset Commercial Realty Group represented both parties in the transaction. The deal was closed on January 4, 2022, with a sale price of $2,305,000 at a rate of $571 per square foot. This off-market transaction presented an excellent opportunity given the property's 5% cap rate and tax abatement, which was in effect.

If you're interested in similar investment opportunities or need a property appraisal, feel free to contact Isaac Matayev at [email protected] or call 347-684-0037.