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177 Madison Street, Brookly...

Emet Equities Sells SFR In Bedford-Stuyvesant, Brooklyn For Record $2.9M - Mark Martov & Michael Ohana Close The Deal
SOLDSingle Family Residence

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

Mark Martov

The Corcoran Group

Broker

$39.3M

vol

10 deals

Broker
EE
Emet EquitiesSeller

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