CROWN Investments Sells Multifamily Property At 1399 Madison Street In Bushwick For $1.73M
SOLD
$1,733,000
New York
See Similar DealsMultiFamily2,718 SF
Sold 08/12/2021
SOLD
CROWN Investments Sells Multifamily Property At 1399 Madison Street In Bushwick For $1.73M
1399 Madison Street, Bushwick, Brooklyn, NY, USA
See Similar DealsMultiFamily2,718 SF
Sold 08/12/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$637
Total Square Footage:2,718 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$92,426.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,156.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,215.30
Annual Debt Service$98,583.65
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