Ari Harkov Of Brown Harris Stevens Facilitates Sale Of Multifamily Property In Bushwick For $2.185M
SOLD
$2,185,000
New York
See Similar DealsMultiFamily2,925 SF
Sold 03/06/2024
SOLD
Ari Harkov Of Brown Harris Stevens Facilitates Sale Of Multifamily Property In Bushwick For $2.185M
1398 Bushwick Avenue
See Similar DealsMultiFamily2,925 SF
Sold 03/06/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$747
Total Square Footage:2,925 SF
Transaction Type:Sale
The multifamily property located at 1398 Bushwick Avenue in Bushwick, Brooklyn, was recently sold for $2,185,000. This property consists of 3 units with a total square footage of 2,925. The price per unit is approximately $728,333, and the price per square foot is $747.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,185,000
- Units: 3
- Price per Unit: $728,333
- Total Square Footage: 2,925
- Price per Square Foot: $747
- Address: 1398 Bushwick Avenue, Brooklyn
- Market: Bushwick, Brooklyn
- Broker: Ari Harkov - Brown Harris Stevens
Ari Harkov from Brown Harris Stevens represented the parties involved in the sale of the multifamily property located at 1398 Bushwick Avenue. The deal was successfully closed on 03/06/2024.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$116,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,762.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,358.01
Annual Debt Service$124,296.18
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