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128 Moffat Street

Updated Dec 4, 2024

Brown Harris Stevens Represents Sale Of Multifamily Property In Bushwick For $3.7M
SOLDMultiFamily

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

Ari Harkov

Brown Harris Stevens

Broker

$429.1M

vol

86 deals

Broker

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $665 per square foot on a published $3.7M for 5,560 square feet (2023).

Visit Sarig Brand to view all their deals.

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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

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