Emet Equities Sells SFR In Bedford-Stuyvesant, Brooklyn For Record $2.9M - Mark Martov & Michael Ohana Close The Deal
177 Madison Street, Brooklyn, NY 11216, USA
$2,900,000
$915/SF
Building Size
3,168 SF
Asset Type
Single Family Residence
Closing
Jun 7, 2020
AI
A single-family home located at 177 Madison Street in Bedford-Stuyvesant, Brooklyn has been sold in a recent transaction. The property, with a total area of 3,168 square feet, was listed for sale by Emet Equities. The asking price for the property was $2,799,999, and it was ultimately sold for $2,900,000, setting a new record in the Bedford-Stuyvesant neighborhood with a price per square foot of $915.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $2,900,000
- Address: 177 Madison Street, Bedford-Stuyvesant, Brooklyn
- Market: Bedford-Stuyvesant, Brooklyn
The sale of this record-breaking property was facilitated by Mark Martov and Michael Ohana from The Corcoran Group, representing Emet Equities in the deal. Mark Martov and Michael Ohana played a pivotal role in ensuring the successful completion of the transaction.
With a price per square foot of $915, this sale sets a new benchmark for the Bedford-Stuyvesant neighborhood. The property's sale price of $2,900,000 reflects the high demand and value placed on single-family homes in this area.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93