Updated Dec 19, 2023
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
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 119 Woodbine St.
- Market: Bushwick
- Buyer: Nicolas Talarico
- Seller: Nerys Grullon
- Brokers: Mendelssohn Joseph, Daunte Monroe, Zainab Aregbe, Russell Barnes & Rj Lennon (The Lennon Team) - Douglas Elliman
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
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Zainab Aregbe to view all their deals.
Browse New York multifamily sales on Traded.
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