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Vasey Family Acquires Multifamily Property On Schaefer St. In Bushwick, Brooklyn For $1.35M

Property Image
SOLD
$1,349,000

New York

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MultiFamily2,430 SF
Sold 03/19/2021
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Property Image
SOLD

Vasey Family Acquires Multifamily Property On Schaefer St. In Bushwick, Brooklyn For $1.35M

120 Schaefer Street, Brooklyn, NY 11207, USA

See Similar Deals
MultiFamily2,430 SF
Sold 03/19/2021
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$555
Total Square Footage:2,430 SF
Transaction Type:Sale

Located at 120 Schaefer St. in Bushwick, Brooklyn, this multifamily property was recently sold in a closed transaction. The property consists of 2 units with a total square footage of 2,430. The sale price for this asset was $1,349,000, translating to a price per unit of $674,500 and a price per square foot of $555.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,349,000
  • Address: 120 Schaefer St., Bushwick, Brooklyn
  • Market: Bushwick, Brooklyn

The buyer of this property was the Vasey Family, represented by Jim Hayes. The seller was Liran Azizian, who can be contacted directly for more information. Liran Azizian specializes in fix 'n' flip and distressed assets and is looking to purchase properties up to 20 units in NY, NJ, and FL. The buyer's representative in this deal was Jim Hayes.

If you are in need of creative financing options under 9%, you can contact Liran Azizian at Voro Real Estate.

Players

James (Jim) Hayes
1 deal$1.3M volume
BROKER

Liran Azizian
Voro Real Estate
3 deals$3M volume
BROKER

Details

SOLD
IMAGE: Liran Azizian DATE: 03/19/2021 ADDRESS: 120 Schaefer St. MARKET: Bushwick, Brooklyn ASSET TYPE: Multifamily BUYER: Vasey Family SELLER: @LiranAzizian @LiranTheRealtor @VoroRealEstate BUYER’S REP: Jim Hayes PRICE: $1,349,000 UNITS: 2 ~ PPU: $674,500 SF: 2,430 ~ PPSF: $555 NOTE FROM BUYER: Contact Liran Azizian directly: 👤Liran Azizian 📱(917)-312-0907 📧 [email protected] I specialize in fix ‘n’ flip and distressed assets looking to purchase in NY/NJ/FL up to 20 Units. If you’re looking for creative financing under 9% contact me @VoroRealEstate

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,792.70
Cash-on-Cash Return-1.27%
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