Updated Feb 25, 2025
Ilan Bracha Acquires Multifamily Property In Bushwick, Brooklyn For $9M
1200 Decatur Street, Brooklyn, New York 11207, United States
$9,000,000
$727/SF
Building Size
12,380 SF
Asset Type
MultiFamily
Closing
Dec 22, 2021
About this deal
AI
The multifamily property located at 1200 Decatur Street & 1200 Decatur Street in Bushwick, Brooklyn has been sold for a price of $9,000,000. The property has a building square footage of 12,380 and a price per square foot of $726. The buyer of the property is Ilan Bracha, while the seller is Michael Murphy. The property is classified as tax class 2B and has a lot size of 2,612 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,000,000
- Building Square Footage: 12,380
- Price Per Square Foot: $726
- Tax Class: 2B
- Lot Size: 2,612 square feet
- Buyer: Ilan Bracha
- Seller: Michael Murphy
The transaction for the multifamily property was facilitated by Ilan Bracha, a representative from the agency representing the buyer.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93