Compass Sells Multifamily Property On Greene Ave In Bushwick For $6.9M
SOLD
$6,900,000
New York
See Similar DealsMultiFamily34,483 SF
Sold 09/29/2022
SOLD
Compass Sells Multifamily Property On Greene Ave In Bushwick For $6.9M
1125 Greene Avenue
See Similar DealsMultiFamily34,483 SF
Sold 09/29/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$200
Total Square Footage:34,483 SF
Transaction Type:Sale
A multifamily property located at 1125-1133 Greene Ave in Bushwick has been sold for $6,900,000. The property spans approximately 34,483 square feet, and the price per square foot is approximately $200.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,900,000
- Address: 1125-1133 Greene Ave, Bushwick
- Square Feet: 34,483
- Price per Square Foot: $200
The sale was facilitated by David Chang of Compass. He acted as the broker representing the buyer and seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$367,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,514.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,709.52
Annual Debt Service$392,514.24
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