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1398 Bushwick Avenue

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

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.

Players

Ari Harkov

Brown Harris Stevens

Broker

$429.1M

vol

86 deals

Broker

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