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851 Jefferson Avenue

Lamar Fenton Acquires Multifamily Property In Bedford Stuyvesant, Brooklyn For $2.6M
SOLDMultiFamily

Lamar Fenton Acquires Multifamily Property In Bedford Stuyvesant, Brooklyn For $2.6M

851 Jefferson Avenue

$2,600,000

$766/SF

Building Size

3,394 SF

Asset Type

MultiFamily

Closing

Feb 28, 2023

AI

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.

Players

Tali Berzak

Compass

Broker

$20.7M

vol

7 deals

Broker
Josh Yaghoubzadeh

Josh Yaghoubzadeh

Bolt Equities

Seller

$7.1M

vol

4 deals

Seller

Market 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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93