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1273 Bushwick Avenue

Quantierra Facilitates $2M Bushwick Multifamily Sale By Parkview Properties LLC
SOLDMultiFamily

Quantierra Facilitates $2M Bushwick Multifamily Sale By Parkview Properties LLC

1273 Bushwick Avenue

$2,000,000

$666/SF

Building Size

3,000 SF

Asset Type

MultiFamily

Closing

Apr 15, 2024

AI

The multifamily property located at 1273 Bushwick Avenue in Bushwick, Brooklyn, was recently sold for $2,000,000. The property consists of 3 units with a total square footage of 3,000. The price per unit equated to $66,667 and the price per square foot was $667.

Summary of transaction details:

Parkview Properties LLC originally purchased the property for $1.1 million and later sold it for $2 million with the assistance of Quantierra. The transaction was facilitated by the seller's representatives, Ben Carlos Thypin, Danny Vasquez, and Erik Cooper, from Quantierra. For inquiries about similar properties, interested parties can contact deals@quantierra.com.

Players

Ben Carlos Thypin

Quantierra

Broker

$199.2M

vol

12 deals

Broker

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93