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Ari Harkov Of Brown Harris Stevens Facilitates Sale Of Multifamily Property In Bushwick For $2.185M

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SOLD
$2,185,000

New York

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MultiFamily2,925 SF
Sold 03/06/2024
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Property Image
SOLD

Ari Harkov Of Brown Harris Stevens Facilitates Sale Of Multifamily Property In Bushwick For $2.185M

1398 Bushwick Avenue

See Similar Deals
MultiFamily2,925 SF
Sold 03/06/2024
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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.

Players

Ari Harkov
86 deals$429.1M volume(212) 381-4246
BROKER

Details

SOLD
IMAGE: Ari Harkov DATE: 03/06/2024 ADDRESS: 1398 Bushwick Avenue MARKET: Bushwick, Brooklyn ASSET TYPE: Multifamily BROKER: Ari Harkov (@AriHarkov) - Brown Harris Stevens (@HarkovLewisTeam) SALE PRICE: $2,185,000 UNITS: 3 ~ PPU: $728,333 SF: 2,925 ~ PPSF: $747

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,762.86
Cash-on-Cash Return-1.27%
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