The Sutton Family Realty Trust Acquires Multifamily Property In Bushwick For $1.255M
SOLD
$1,255,000
New York
See Similar DealsMultiFamily2,295 SF
Sold 09/10/2021
SOLD
The Sutton Family Realty Trust Acquires Multifamily Property In Bushwick For $1.255M
106 Vanderveer Street, Bushwick, Brooklyn, NY 11207, USA
See Similar DealsMultiFamily2,295 SF
Sold 09/10/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$546
Total Square Footage:2,295 SF
Transaction Type:Sale
The multifamily property located at 106 Vanderveer Street in Bushwick has been sold for $1,255,000. The transaction took place on September 10, 2021. The property spans over 2,295 square feet with a price per square foot of $546. It consists of two units, resulting in a price per unit of $627,500. The previous sale of the property occurred in March 2019 for $359,209.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,255,000
- Address: 106 Vanderveer Street
- Market: Bushwick
- Zoning: R6
The buyer of the property was The Sutton Family Realty Trust, while Yosi Azur acted as the seller. Nina Sabag from 5 Boro Realty and Shlomi Dayan from Redefined Realty represented the buyer and seller, respectively, as brokers in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,458.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,949.34
Annual Debt Service$71,392.08
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