Updated Feb 25, 2025
Michael Murphy Acquires Multifamily Property On Schaefer Street In Bushwick
116 Schaefer Street, Bushwick, Brooklyn, NY, USA
$975,000
$401/SF
Building Size
2,430 SF
Asset Type
MultiFamily
Closing
Jan 3, 2018
About this deal
AI
A multifamily property in Bushwick has been sold at 116 Schaefer Street. The transaction took place on 01/04/2018, with Terri Brown as the seller and Michael Murphy as the buyer. The property, totaling 2,430 square feet, consists of 2 units. The asking price was $990,000, and it was sold for $975,000, resulting in a price per square foot of $400. Joshua Brown from PushForwardNYC represented the seller in the deal.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $975,000
- Address: 116 Schaefer Street
- Market: Bushwick
Joshua Brown from PushForwardNYC served as the seller's representative in the transaction.
Players
Brooklyn 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
16.27%
Cash-on-Cash
-4.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93