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983 Bedford Avenue

Moshe Guttman Purchases Multifamily Asset At 983 Bedford Ave Brooklyn For $2.6M
SOLDMultiFamily

Moshe Guttman Purchases Multifamily Asset At 983 Bedford Ave Brooklyn For $2.6M

983 Bedford Avenue

$6,075,000

$88/SF

Building Size

69,000 SF

Asset Type

MultiFamily

Closing

Sep 15, 2024

AI

The property involved in this transaction is a multifamily asset located at 983 Bedford Ave in the Brooklyn market. The sale price was $2,600,000, with the property encompassing a square footage of 3,000 and a price per square foot of $867.

Summary of transaction details:

In this transaction, Moshe Guttman acquired the property, while Yaniv Grinberg and Nathaniel Smith from Oxford Property Group represented the parties involved in the deal. This indicates a noteworthy collaboration in the multifamily sector within Brooklyn.

Players

Nathaniel Smith

FIND Real Estate

Broker

$35.1M

vol

13 deals

Broker

Brooklyn 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

2.61%

Cash-on-Cash

-0.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93