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
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.
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
14.62%
Cash-on-Cash
-4.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93