Brick Save Acquires Multifamily Property In Bushwick For $3.25M

Located in Bushwick, Brooklyn, the multifamily property at 1329 Hancock Street was recently sold for $3,250,000. This property spans 4,938 square feet and consists of 6 units, resulting in a price per unit of $541,667 and a price per square foot of $658.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,250,000
• Address: 1329 Hancock Street
• Market: Bushwick, Brooklyn
• Units: 6
• Price per Unit: $541,667
• Square Footage: 4,938
• Price per Square Foot: $658

The sale of 1329 Hancock Street was facilitated by Henry Hill, Jermaine Pugh, Bryan Kirk, Bobby Lawrence, and DJ Johnston from Matthews Real Estate Investment Services. Notably, DJ Johnston and the Matthews Brooklyn Agents successfully closed the deal with an overseas Crowdfunding purchaser, achieving a 6.45% Cap rate and $650 per square foot. For further insights on their approach and strategies, individuals can reach out to DJ Johnston at [email protected] or contact him at 914-584-7422.