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

Property Image
SOLD
$2,000,000
Ben Carlos Thypin
Ari Harkov
+ 1

New York

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MultiFamily3,000 SF
Sold 04/15/2024
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Property Image
SOLD

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

1273 Bushwick Avenue

See Similar Deals
MultiFamily3,000 SF
Sold 04/15/2024
Ben Carlos Thypin
Ari Harkov
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$666
Total Square Footage:3,000 SF
Transaction Type:Sale

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
12 deals$199.2M volume
BROKER

Ari Harkov
Brown Harris Stevens
86 deals$429.1M volume(212) 381-4246
BROKER

Erik Cooper
Quantierra
2 deals$4.1M volume
BROKER

Danny Vasquez
Quantierra
2 deals$7M volume
BROKER

Details

SOLD
IMAGE: Ben Carlos Thypin, Danny Vasquez, Erik Cooper & Ari Harkov DATE: 04/15/2024 ADDRESS: 1273 Bushwick Avenue MARKET: Bushwick, Brooklyn ASSET TYPE: Multifamily SELLER: Steven Kordvani - Parkview Properties LLC BUYER'S REP: Ari Harkov (@AriHarkov) - Brown Harris Stevens (@HarkovLewisTeam) SELLER'S REP: Ben Carlos Thypin (@BThypin), Danny Vasquez (@DannyV_25) & Erik Cooper (@EgCoop) - Quantierra (@Quantierra_) SALE PRICE: $2,000,000 UNITS: 3 ~ PPU: $66,667 SF: 3,000 ~ PPSF: $667 NOTE FROM BROKER: Parkview Properties LLC purchased the property for $1.1 million and Quantierra helped them sell it for $2 million. If you are looking to buy or sell similar property, please contact [email protected]

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$106,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24