Updated Dec 4, 2024
Brown Harris Stevens Represents Sale Of Multifamily Property In Bushwick For $3.7M
128 Moffat Street
$3,700,000
$665/SF
Building Size
5,560 SF
Asset Type
MultiFamily
Closing
Sep 29, 2023
About this deal
AI
A multifamily property located at 128 Moffat Street in Bushwick, Brooklyn has been sold for $3,700,000. The property consists of 6 units with an average price per unit of $616,667. It spans across 5,560 square feet, making the price per square foot approximately $665.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,700,000
- Address: 128 Moffat Street, Bushwick, Brooklyn
- Market: Bushwick, Brooklyn
- Brokers: Ari Harkov - Brown Harris Stevens; Afik Even & Sarig Brand
- Units: 6
- Price per Unit: $616,667
- Square Feet: 5,560
- Price per Square Foot: $665
The deal was facilitated by Ari Harkov from Brown Harris Stevens, along with Afik Even and Sarig Brand. They played a crucial role in the successful completion of the transaction.
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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93