Updated Dec 4, 2024
Bushburg Properties Acquires Multifamily Property In East Williamsburg For $16.5M
117 Grattan Street, Brooklyn, New York 11237, United States
$16,500,000
$131/SF
Building Size
125,400 SF
Asset Type
MultiFamily
Closing
Apr 11, 2022
About this deal
AI
A multifamily property located at 117 Grattan Street in East Williamsburg has been sold for $16,500,000. The transaction took place on April 12, 2022, and involved a total of 86 units. The price per unit was $191,860, and the total square footage of the property is 125,400. The price per square foot is $131.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $16,500,000
- Address: 117 Grattan Street
- Market: East Williamsburg
The buyer of the property is Bushburg Properties, while the seller is the Vanbarton Group.
Please note that no additional information is available regarding the individuals or companies involved in this transaction.
Players
New York 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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93