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:
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Address: 983 Bedford Ave
- Market: Brooklyn
- Square Footage: 3,000
- Price Per Square Foot: $867
- Buyer: Moshe Guttman
- Brokers: Yaniv Grinberg & Nathaniel Smith - Oxford Property Group
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
Brooklyn 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
2.61%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93