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:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Address: 1273 Bushwick Avenue
- Market: Bushwick, Brooklyn
- Seller: Steven Kordvani - Parkview Properties LLC
- Buyer's Rep: Ari Harkov - Brown Harris Stevens
- Seller's Rep: Ben Carlos Thypin, Danny Vasquez & Erik Cooper - Quantierra
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
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