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119 Woodbine Street, Brookl...

Updated Dec 19, 2023

Nicolas Talarico Acquires Multifamily Property In Bushwick For $1.25M
SOLDMultiFamily

Nicolas Talarico Acquires Multifamily Property In Bushwick For $1.25M

119 Woodbine Street, Brooklyn, NY 11221

$1,250,000

$493/SF

Building Size

2,532 SF

Asset Type

MultiFamily

Closing

Jan 25, 2022

About this deal

AI

Located at 119 Woodbine St. in Bushwick, this multifamily property was recently sold in a closed transaction. The property consists of 2 units, spanning a total of 2,532 square feet. The sale price for this property was $1,250,000, resulting in a price per unit of $625,000. The price per square foot was calculated to be $493.

Summary of transaction details

The sale of this multifamily property was facilitated by Mendelssohn Joseph, Daunte Monroe, Zainab Aregbe, Russell Barnes, and Rj Lennon from The Lennon Team at Douglas Elliman. Their expertise and representation played a crucial role in the successful completion of the transaction.

Players

Daunte Monroe

Douglas Elliman

Broker

$8M

vol

3 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $493 per square foot on a published $1.3M for 2,532 square feet (2022).

Visit Zainab Aregbe to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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