Greenbrook THR Owner II Acquires Multifamily Property In Bushwick For $2.3M

A multifamily property located at 1117 Jefferson Avenue in Bushwick has been sold in a recent transaction. The property, with a lot size of 2,000 square feet, features a total square footage of 4,380. The buyer, Greenbrook THR Owner II, acquired the property from seller Martha Schwartz for a sale price of $2,269,000. This price reflects a reduction from the initial asking price of $2,495,000. The property has a building square footage (BSF) of 4,860, resulting in a price per BSF of $466. The price per square foot (PPSF) is $518. The last recorded sale of the property was on September 11, 2017, for a price of $2,750,000. The property underwent an alteration of type 2 on November 7, 2018, as per the permits issued. The lot dimensions measure 20 feet by 100 feet. The property is zoned as R6 and falls under tax class 2A. The sale of this multifamily property presents an opportunity for the new owner to invest in the bustling market of Bushwick.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,269,000
• Market: Bushwick
• Asset Type: Multifamily
• Zoning: R6

The transaction was facilitated by broker Ari Harkov of The Harkov Lewis Team. Ari Harkov represented the buyer, Greenbrook THR Owner II, in the deal. This successful transaction showcases the expertise and negotiation skills of Ari Harkov and underscores the value added by reputable brokers in closed property transactions. The property's sale price and details such as BSF, PPBSF, and SF, further highlight the favorable terms of the deal for the buyer. With its prime location and residential zoning, this multifamily property in Bushwick presents a promising investment opportunity.