Jacob Rubin Acquires Multifamily Property In Bedford-Stuyvesant For $3M
80 Monroe Street, New York City, New York 10002, United States
$3,000,000
$277/SF
Building Size
10,800 SF
Asset Type
MultiFamily
Closing
Jun 29, 2022
AI
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.
Players
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93