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798 Halsey St Brooklyn, NY ...

Updated Oct 29, 2024

Josh Yaghoubzadeh Acquires Bedford Stuyvesant Multifamily Property For $1.08M
SOLDMultiFamily

Josh Yaghoubzadeh Acquires Bedford Stuyvesant Multifamily Property For $1.08M

798 Halsey St Brooklyn, NY 11233, USA

$1,085,000

$502/SF

Building Size

2,160 SF

Asset Type

MultiFamily

Closing

Jun 1, 2023

About this deal

AI

Located in the Bedford Stuyvesant neighborhood, the multifamily property at 798 Halsey Street was recently sold. The transaction took place off-market and closed within a remarkably short time frame of under 30 days. This two-unit property spans over 2,160 square feet and was acquired by Josh Yaghoubzadeh, the founder of Bolt Equities. The sale price for 798 Halsey Street was $1,085,000, resulting in a per unit price of $542,500. The price per square foot was $502.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,085,000
  • Address: 798 Halsey Street
  • Market: Bedford Stuyvesant
  • Buyer: Josh Yaghoubzadeh
  • Seller: Sheldon Dunn
  • Units: 2
  • Price Per Unit: $542,500
  • Square Footage: 2,160
  • Price Per Square Foot: $502

Josh Yaghoubzadeh, representing Bolt Equities, is an established investor and developer based in Brooklyn. He actively seeks to acquire properties exclusively in the Brooklyn markets that consist of 1-8 unit properties. Yaghoubzadeh can be contacted at [email protected] for any potential opportunities.

On the Map

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$1,085,000

$502/SF

MultiFamily

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Players

Josh Yaghoubzadeh

Bolt Equities

Buyer

$7.1M

vol

4 deals

Buyer
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New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $502 per square foot on a published $1.1M for 2,160 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.62%

Cash-on-Cash

-4.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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