Yaniv Garbo Acquires Multifamily Property In Bedford-Stuyvesant For $1.55M
SOLD
$1,550,000
+ 2
New York
See Similar DealsMultiFamily5,100 SF
Sold 11/30/2020
SOLD
Yaniv Garbo Acquires Multifamily Property In Bedford-Stuyvesant For $1.55M
996 Putnam Avenue, Ocean Hill, Brooklyn, NY, USA
See Similar DealsMultiFamily5,100 SF
Sold 11/30/2020
+ 2
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$303
Total Square Footage:5,100 SF
Transaction Type:Sale
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).
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$82,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,506.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,347.79
Annual Debt Service$88,173.49
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