Updated Dec 19, 2023
Brown Harris Stevens Acquires MultiFamily Property For $4.3M In Bedford-Stuyvesant
970 Greene Avenue, Bedford-Stuyvesant, Brooklyn, NY, USA
$4,271,364
$555/SF
Building Size
7,688 SF
Asset Type
MultiFamily
Closing
Aug 3, 2021
About this deal
AI
A multifamily property located at 970 Greene Avenue in Bedford-Stuyvesant, New York, was recently sold. The property consists of 8 units with a total square footage of 7,688. The sale price for this transaction was $4,271,364, resulting in a price per unit of $533,920 and a price per square foot of $555.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,271,364
- Address: 970 Greene Avenue
- Market: Bedford-Stuyvesant
The seller's representatives on this deal were Shaun Riney, Dan Greenblatt, and Mike Salvatico from New York Multifamily and Marcus & Millichap NY. On the buyer's side, Ari Harkov from Brown Harris Stevens represented the purchasing party.
Note: No additional information was provided regarding the financing or any other additional details of the transaction.
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
3.71%
Cash-on-Cash
-1.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93