Updated Mar 11, 2025
Marcel Fridman's Multifamily Property On Myrtle Ave In Bushwick Sells For $2.23M
1156 Myrtle Ave, Bushwick, Brooklyn, NY, USA
$2,230,000
$541/SF
Building Size
4,117 SF
Asset Type
MultiFamily
Closing
Aug 17, 2021
About this deal
AI
The multifamily property located at 1156 Myrtle Ave in Bushwick was recently sold for a price of $2,230,000. The property spans a total area of 4,117 square feet, resulting in a price per square foot of $541. The sale took place on August 18, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,230,000
- Address: 1156 Myrtle Ave
- Market: Bushwick
- Asset Type: Multifamily
- Tax Class: 2A
The seller of the property is Marcel Fridman, represented by Barcel Group.
Please note that no additional information is available regarding the transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.11%
Cash-on-Cash
-2.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93