Ari Harkov Of Brown Harris Stevens Facilitates Sale Of Multifamily Property In Bushwick For $2.185M
1398 Bushwick Avenue
$2,185,000
$747/SF
Building Size
2,925 SF
Asset Type
MultiFamily
Closing
Mar 6, 2024
AI
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.
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
7.26%
Cash-on-Cash
-2.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93