JF Global Estates Sells Multifamily Building In Bushwick For $2.7M

The property at 1127 Halsey St in Bushwick, Brooklyn has been sold in a closed transaction. This multifamily walkup building, owned by JF Global Estates, was recently sold for a price of $2,735,000. The property consists of three residential units with a total of 3,000 square feet. The sale price per square foot was approximately $912.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,735,000
• Units: 3
• Price per Unit (PPU): $911,667
• Square Footage (SF): 3,000
• Price per Square Foot (PPSF): $912
• Market: Bushwick

The sale of 1127 Halsey St was represented by brokers Baruch Edelkopf and Joseph Rosenfeld from Schuckman Realty, as well as Ari Harkov from Brown Harris Stevens. The property comprises a ground floor duplex unit with 3 bedrooms, 4 bathrooms, and a home office. Additionally, there are two apartments on the upper floors, each with 4 bedrooms and 2 bathrooms. All units include a washer, dryer, and dishwasher. At the time of sale, the units had an average rent of $4,533 per month.

Schuckman Realty, the selling agency, is pleased to announce the sale of 1127 Halsey Street. The property was delivered and traded at a 4.93% capitalization rate based on the in-place rent roll.