Updated Nov 20, 2023
Lazer Grunwald Acquires Bed Stuy Multifamily For $1.74M
891 Myrtle Ave, Brooklyn, NY 11206, USA
$1,740,000
$1,450/SF
Building Size
1,200 SF
Asset Type
MultiFamily
Closing
Nov 15, 2022
About this deal
AI
A multifamily property located at 891 Myrtle Avenue in the Bed Stuy market has recently been sold. The property consists of 2 units with a total square footage of 1,200. The sale price for this transaction was $1,740,000, resulting in a price per unit of $870,000 and a price per square foot of $1,450.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,740,000
- Address: 891 Myrtle Avenue
- Market: Bed Stuy
The buyer in this transaction was Lazer Grunwald, while Wimberly Eugenia acted as the seller. Cloud Realty, represented by Dan Weichselbaum, facilitated the deal as the broker.
For more information, you can visit Cloud Realty's website at www.cloudpgny.com or contact Daniel Weichselbaum at [email protected] or 646-276-3596.
Players
New York 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
9.12%
Cash-on-Cash
-2.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93