SOLD
JF Global Estates Sells Multifamily Building In Bushwick For $2.7M
12 E 49th St 11th Fllor
MultiFamily
3,000 SF
3,000 SF
Sold 1 year ago
Summary
Sale
NATIONAL
MultiFamily
3,000 sqft
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.
Players
Details
SOLD
IMAGE: Ari Harkov, Baruch Edelkopf & Joseph Rosenfeld
DATE: 04/27/2023
ADDRESS: 1127 Halsey St
MARKET: Bushwick
ASSET TYPE: Multifamily
SELLER: JF Global Estates - Jay Friedman
BROKERS: Baruch Edelkopf (@Baruch_in_Brooklyn) & Joseph Rosenfeld (@Joseph.Rosenfeld) - Schuckman Realty; Ari Harkov - Brown Harris Stevens
SALE PRICE: $2,735,000
UNITS: 3 ~ PPU: $911,667
SF: 3,000 ~ PPSF: $912
NOTE FROM @SchuckmanRealty: Schuckman Realty is pleased to announce the sale of 1127 Halsey Street which is a 100% Fair
Market Multifamily walkup Building located between Evergreene Avenue and Central Avenue in
the Bushwick Neighborhood of Brooklyn.
The property consists of Three residential units, including, a Ground Floor 3-Bedroom/4 -
Bathroom + Home office Duplex unit, and Two 4-Bedroom/2-Bathroom Apartments on the upper
two floors. The units included in unit washer Dryer and dishwasher and had an in place average
rent of $4,533/Month at the time of sale.
The building was delivered and traded at $2,735,000 ($912/SF) at a 4.93% Cap Rate on the in-place
Rent roll.View on map
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Address12 E 49th St 11th Fllor
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