facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

80 Monroe Street, New York ...

Jacob Rubin Acquires Multifamily Property In Bedford-Stuyvesant For $3M
SOLDMultiFamily

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

Jacob Rubin

Buyer

$9.4M

vol

4 deals

Buyer
Hirshmark Capital
Hirshmark CapitalSeller
Hirshmark Capital
Hirshmark CapitalLender

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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