Lamar Fenton Acquires Multifamily Property In Bedford Stuyvesant, Brooklyn For $2.6M
SOLD
New York
See Similar DealsMultiFamily3,394 SF
Sold 02/28/2023
SOLD
Lamar Fenton Acquires Multifamily Property In Bedford Stuyvesant, Brooklyn For $2.6M
851 Jefferson Avenue
See Similar DealsMultiFamily3,394 SF
Sold 02/28/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$766
Total Square Footage:3,394 SF
Transaction Type:Sale
The multifamily property located at 851 Jefferson Avenue in the Bedford Stuyvesant neighborhood of Brooklyn has been sold for $2,600,000. The property consists of two units with a price per unit of $1,300,000. With a total square footage of 3,394, the price per square foot comes to $766.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Address: 851 Jefferson Avenue
- Market: Bedford Stuyvesant, Brooklyn
Lamar Fenton has acquired the property from the seller, Josh Yaghoubzadeh. The brokerage services for this transaction were provided by Tali Berzak from Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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