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Bushwick, Brooklyn

Joseph Mauskopf Acquires Development Site On Dekalb Avenue For $2.1M
SOLDMultiFamily

Joseph Mauskopf Acquires Development Site On Dekalb Avenue For $2.1M

Bushwick, Brooklyn

$2,100,000

Building Size

Asset Type

MultiFamily

Closing

Jan 10, 2023

AI

A development site located at 1336 Dekalb Avenue in New York City has been sold for a price of $2,100,000. The property features a prime location in the city, making it an attractive investment opportunity.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $2,100,000
  • Address: 1336 Dekalb Avenue, New York City
  • Market: New York City

The buyer of the property is Joseph Mauskopf, and the seller is Glenn Reed. The transaction was facilitated by broker Romain Sinclair from Greysteel. With his expertise and knowledge of the market, Romain Sinclair ensured a smooth transaction for both the buyer and seller.

Players

Romain Sinclair

Greysteel

Broker

$33.2M

vol

14 deals

Broker

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

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93