CROWN Investments Sells Multifamily Property At 1399 Madison Street In Bushwick For $1.73M
1399 Madison Street, Bushwick, Brooklyn, NY, USA
$1,733,000
$637/SF
Building Size
2,718 SF
Asset Type
MultiFamily
Closing
Aug 11, 2021
AI
The asset involved in this transaction is a multifamily property located at 1399 Madison Street in Bushwick, Brooklyn. The sale amount for the property was $1,733,000, encompassing a total square footage of 2,718 with a price per square foot of $637.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,733,000
- Address: 1399 Madison Street
- Market: Bushwick, Brooklyn
- Square Footage: 2,718
- Price Per Square Foot: $637
- Seller: CROWN Investments
- Seller Representative: Justin Homapour
- Broker: Anna Levenshus
- Broker Agency: @Compass
- Date of Transaction: 08/12/2021
The transaction was facilitated by broker Anna Levenshus, representing the seller, CROWN Investments, through Justin Homapour. The deal showcases a cooperative effort between the involved parties to successfully complete this multifamily property sale.
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
9.15%
Cash-on-Cash
-2.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93