Partners Path Capital Acquires Multifamily Property In Bushwick For $2.7M

The multifamily property located at 1258 Decatur Street in Bushwick was recently sold. The property consists of 6 units and has a total square footage of 4,750. The asking price for the property was $2,900,000, and it was eventually sold for $2,725,000. This translates to a price per square foot of $575 and a price per unit of $545,166. The capitalization rate for this transaction was 5.8%.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,725,000
• Square Footage: 4,750
• Price per Square Foot: $575
• Number of Units: 6
• Price per Unit: $545,166
• Capitalization Rate: 5.8%
• Market: Bushwick

The sellers of the property were Issac Fried and David Samuels. On the buyer's side, the property was acquired by Partners Path Capital, represented by Billy Haddad. The deal was facilitated by brokers DJ Johnston, Ben Rechler, Michael Murphy, and William Cheng from B6 Real Estate.