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1115 Jefferson Avenue, Broo...

Updated Dec 21, 2023

Bestreich Realty Group And Brown Harris Stevens Facilitate $2.1M Multifamily Sale In Bushwick
SOLDMultiFamily

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

Brian Davila

Investment Property Realty Group (IPRG)

Broker

$290.4M

vol

111 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $779 per square foot on a published $2.1M for 2,700 square feet (2021).

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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

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