facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

1261 Bushwick Avenue, Brook...

David Chang Of Compass Acquires Multifamily Property In Bushwick For $2.4M
SOLDMultiFamily

David Chang Of Compass Acquires Multifamily Property In Bushwick For $2.4M

1261 Bushwick Avenue, Brooklyn, New York 11207, United States

$2,400,000

$545/SF

Building Size

4,400 SF

Asset Type

MultiFamily

Closing

May 11, 2022

AI

Located at 1261 Bushwick Ave in the Bushwick neighborhood, this multifamily property recently changed hands in a closed transaction. The deal was facilitated by David Chang of Compass, representing the buyer, and Tomer Shmuel and Dani Ohayon of Massada Home Sales Inc., representing the seller.

Summary of Transaction Details:

  • Property Type: Multifamily
  • Sale Price: $2,400,000
  • Number of Units: 3
  • Price per Unit: $800,000
  • Square Footage: 4,400
  • Price per Square Foot: $545
  • Market: Bushwick

The buyer's representative, David Chang from Compass, played a crucial role in this transaction. On the other side, the seller was represented by Tomer Shmuel and Dani Ohayon from Massada Home Sales Inc. The property offers a total of three units, with each unit valued at an average of $800,000. The sale price of the entire property amounted to $2,400,000, making it a valuable investment in the Bushwick market.

Players

Tomer Shmuel

Oxford Property Group

Broker

$24.5M

vol

7 deals

Broker
Massada Home Sales
Massada Home SalesBrokerage

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.61%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93