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1373 Greene Ave, Brooklyn, ...

Josh Lasky Acquires Multifamily Property In Bushwick For $1.9M
SOLDMultiFamily

Josh Lasky Acquires Multifamily Property In Bushwick For $1.9M

1373 Greene Ave, Brooklyn, NY 11237, USA

$1,900,000

$44/SF

Building Size

42,750 SF

Asset Type

MultiFamily

Closing

Aug 22, 2019

AI

A multifamily property located at 1373 Greene Avenue in Bushwick has been sold in a closed transaction. The property consists of 6 units and spans a total of 4,275 square feet. The sale price for the property was $1,900,000, resulting in a price per square foot of $444. The buyer of the property is Josh Lasky. The sellers of the property are Abraham Kassin and Morris Sabbagh. The transaction was facilitated by brokers Josh Lipton and Andrew Levine from Invictus Property Advisors.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,900,000
  • Square Footage: 4,275
  • Price per Square Foot: $444
  • Units: 6
  • Buyer: Josh Lasky
  • Sellers: Abraham Kassin, Morris Sabbagh
  • Brokers: Josh Lipton & Andrew Levine – Invictus Property Advisors

The deal was successfully closed with the involvement of key individuals and companies. Josh Lasky acted as the buyer, while Abraham Kassin and Morris Sabbagh were the sellers. Josh Lipton and Andrew Levine represented the parties in the transaction, working as brokers from Invictus Property Advisors.

Players

Andrew Levine

Invictus Property Advisors

Broker

$453.3M

vol

67 deals

Broker

Josh Lasky

Buyer

$7M

vol

2 deals

Buyer
Morris Sabbagh

Morris Sabbagh

Seller

$197M

vol

13 deals

Seller

New York 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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93