Updated Feb 10, 2025
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
About this deal
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.
On the Map
$2,600,000
$766/SF
MultiFamily
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Market 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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93