Greenbrook Partners Acquires Multifamily Property From Forde Family For $1.2M In Bed-Stuy
69 Mother Gaston Boulevard
$1,200,000
$400/SF
Building Size
2,994 SF
Asset Type
MultiFamily
Closing
Dec 14, 2025
AI
This multifamily asset, located at 69 Mother Gaston Boulevard in Bedford-Stuyvesant, Brooklyn, was sold for $1,200,000. The property encompasses a total of 2,994 square feet and consists of 3 residential units, making the price per unit $400,000 and the price per square foot $400.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Buyer: Greenbrook Partners
- Seller: Forde Family
- Broker: Eli Shayesteh - Rosewood Realty Group
- Units: 3
- Square Footage: 2,994
- Price per Unit: $400,000
- Price per Square Foot: $400
Eli Shayesteh of Rosewood Realty Group represented the broker in the transaction, successfully facilitating an off-market deal involving an all-cash purchase for this vacant 3-family property in Bed-Stuy.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93