Witnick Real Estate Partners Sells Multifamily Property In Bedford-Stuyvesant For $4.35M
SOLD
$4,350,000
+ 3
New York
See Similar DealsMultiFamily6,425 SF
Sold 12/02/2021
SOLD
Witnick Real Estate Partners Sells Multifamily Property In Bedford-Stuyvesant For $4.35M
841 Dekalb Avenue, Bedford-Stuyvesant, Brooklyn, NY, USA
See Similar DealsMultiFamily6,425 SF
Sold 12/02/2021
+ 3
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$677
Total Square Footage:6,425 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$232,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,454.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,621.22
Annual Debt Service$247,454.63
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