Jason Bijur Acquires 7-Unit Bed-Stuy Multifamily For $3.525M With Buyer's Rep Ian Mednick
$3,525,000
$677/SF
Building Size
5,200 SF
Asset Type
MultiFamily
Closing
Jun 18, 2026
AI
This multi-family asset was sold for $3,525,000 in the Bed-Stuy neighborhood of Brooklyn. The property features 7 units, making the price per unit $503,571. It has a total square footage of 5,200, resulting in a price per square foot of $678. The building is a new construction, classified under 421-a, and is 100% rent stabilized.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,525,000
- Units: 7
- Price Per Unit: $503,571
- Square Footage: 5,200
- Price Per Square Foot: $678
- Buyer: Jason Bijur
- Buyer's Representative: Ian Mednick - Compass
- Seller's Representatives: Matthew Cosentino & Aden Verdun - Terra CRG
The transaction involved notable individuals including buyer Jason Bijur, who engaged Ian Mednick of Compass as his representative. The seller was represented by Matthew Cosentino and Aden Verdun from Terra CRG. This deal highlights the collaborative efforts of the brokerage teams in facilitating the transaction.
Players
Market 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
4.50%
Cash-on-Cash
-1.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93