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The Ben-Josef Group Acquires Multifamily Property In Bedford Stuyvesant For $22.48M

691 Marcy Avenue
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This MultiFamily property located in NY was sold for $22,480,000 over 3 years ago. The brokers of the deal were Yoav Oelsner and Glenn Tolchin

A multifamily property located at 691 Marcy Avenue in Bedford Stuyvesant, Brooklyn was recently sold for $22,480,000. The property consists of 41 units with an average price per unit of $548,293. The total square footage of the property is 33,008, resulting in a price per square foot of $681. The cap rate for the transaction is 4.75%. The sale took place on 12/11/2020.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $22,480,000
  • Address: 691 Marcy Avenue
  • Market: Bedford Stuyvesant, Brooklyn

The buyer for this transaction was The Ben-Josef Group, while the seller was Brookland Capital - Ronel Ben-Dov. The deal was facilitated by brokers Yoav Oelsner and Glenn Tolchin from Upland Property Advisors NYC.

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Deals
  • Location
    691 Marcy Avenue, Bedford-Stuyvesant, Brooklyn, NY, USA691 Marcy Avenue, Bedford-Stuyvesant, Brooklyn, NY, USA
  • Sale Price
    $22,480,000$22,480,000
    $681 PPSF$681 PPSF
  • Area
    33,008 SF33,008 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Yoav Oelsner

Yoav Oelsner

Deals9
Financed$366.8M

Agency

Upland Property Advisors

Upland Property Advisors

Agency
Deals19
Volume$1.1B

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Deal Summary

[embed] SALE IMAGE: Yoav Oelsner, Ronel Ben-Dov & @GlennTolchin DATE: 12/11/2020 ADDRESS: 691 Marcy Avenue MARKET: Bedford Stuyvesant, Brooklyn ASSET TYPE: Multifamily BUYER: The Ben-Josef Group SELLER: Brookland Capital - Ronel Ben-Dov BROKERS: Yoav Oelsner (@YoavOel) & @GlennTolchin - Upland Property Advisors NYC PRICE: $22,480,000 UNITS: 41 ~ PPU: $548,293 SF: 33,008 ~ PPSF: $681 CAP: 4.75%

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691 Marcy Avenue

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