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996 Putnam Avenue, Ocean Hi...

Yaniv Garbo Acquires Multifamily Property In Bedford-Stuyvesant For $1.55M
SOLDMultiFamily

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

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).

Players

Brian Davila

Investment Property Realty Group (IPRG)

Broker

$283.4M

vol

108 deals

Broker

Yaniv Garbo

Buyer

$22.3M

vol

8 deals

Buyer

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