Witnick Real Estate Partners Sells Multifamily Property In Bedford-Stuyvesant For $4.35M
841 Dekalb Avenue, Bedford-Stuyvesant, Brooklyn, NY, USA
$4,350,000
$677/SF
Building Size
6,425 SF
Asset Type
MultiFamily
Closing
Dec 2, 2021
AI
Located in Bedford-Stuyvesant, the multifamily property at 841 Dekalb Avenue was recently sold for a price of $4,350,000. The property consists of 8 units, with an average price per unit of $543,750. The total square footage of the property is 6,425, resulting in a price per square foot of $677. The sale was facilitated by Witnick Real Estate Partners, represented by Isaac Abraham.
Summary of Transation Details
- Property Type: Multifamily
- Transaction Amount: $4,350,000
- Address: 841 Dekalb Avenue
- Market: Bedford-Stuyvesant
The transaction was handled by Avison Young, with brokers Brandon Polakoff, Fritz Richter, Ryan McGuirl, Alexandra Marolda, and Bradley Rothschild representing the seller, Witnick Real Estate Partners.
Players
Brooklyn 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
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93