Updated Dec 21, 2023
Yaniv Garbo Acquires Multifamily Property In Bedford-Stuyvesant For $1.55M
996 Putnam Avenue, Ocean Hill, Brooklyn, NY, USA
$1,550,000
$303/SF
Building Size
5,100 SF
Asset Type
MultiFamily
Closing
Nov 29, 2020
About this deal
AI
An R6B zoned multifamily property located at 996 Putnam Avenue in Bedford-Stuyvesant was recently sold for $1,550,000. The property has a building square footage of 5,100 and a price per square foot of $303. The lot size is 2,550 with dimensions of 25.5 ft x 100 ft. The transaction took place on November 30, 2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Market: Bedford-Stuyvesant
- Zoning: R6B
The buyer of the property is Yaniv Garbo, while the seller is Marina Sholosh. The deal was facilitated by Derek Bestreich, Steve Reynolds, Tom Reynolds, and Brian Davila from Bestreich Realty Group (BRG).
On the Map
$1,550,000
$303/SF
MultiFamily
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Players
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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93