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
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