Updated Dec 21, 2023
Bestreich Realty Group And Brown Harris Stevens Facilitate $2.1M Multifamily Sale In Bushwick
1115 Jefferson Avenue, Brooklyn, New York 11221, United States
$2,105,000
$779/SF
Building Size
2,700 SF
Asset Type
MultiFamily
Closing
Nov 3, 2021
About this deal
AI
Located in the Bushwick neighborhood, the multifamily property at 1115 Jefferson Avenue recently changed hands in a closed transaction. The sale, facilitated by Bestreich Realty Group, involved a total of 2 units spanning 2,700 square feet. The sale price for this transaction was recorded at $2,105,000, resulting in a price per unit of $1,052,500 and a price per square foot of $779.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,105,000
- Units: 2
- Price Per Unit: $1,052,500
- Square Footage: 2,700
- Price Per Square Foot: $779
Ari Harkov from Brown Harris Stevens represented the buyer in this transaction, while Derek Bestreich, Steve Reynolds, Tom Reynolds, Brian Davila, and Sean Mashihi of Bestreich Realty Group acted as the seller's representatives. Their expertise and negotiation skills played a crucial role in finalizing this deal.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.54%
Cash-on-Cash
-2.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93