Jacob Rubin Acquires Multifamily Property In Bedford-Stuyvesant For $3M
SOLD
$3,000,000
New York
See Similar DealsMultiFamily10,800 SF
Sold 06/30/2022
SOLD
Jacob Rubin Acquires Multifamily Property In Bedford-Stuyvesant For $3M
80 Monroe Street, New York City, New York 10002, United States
See Similar DealsMultiFamily10,800 SF
Sold 06/30/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$277
Total Square Footage:10,800 SF
Transaction Type:Sale
Located in Bedford-Stuyvesant, the property at 80 Monroe Street has been sold in a multifamily transaction. The sale took place on June 30, 2022, with Mark Levin providing the image of the property. The asset type of this property is multifamily, consisting of 9 units with a total square footage of 10,800. The sale price for this property was $3,000,000, resulting in a price per unit of $333,333 and a price per square foot of $277.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Address: 80 Monroe Street
- Market: Bedford-Stuyvesant
- Units: 9
- Price per Unit: $333,333
- Square Footage: 10,800
- Price per Square Foot: $277
The buyer in this transaction was Jacob Rubin, while the seller was Hirshmark Capital.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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