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1399 Madison Street, Bushwi...

CROWN Investments Sells Multifamily Property At 1399 Madison Street In Bushwick For $1.73M
SOLDMultiFamily

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

Anna Levenshus

Compass

Broker

$1.7M

vol

1 deal

Broker
Justin Homapour

Justin Homapour

CROWN Investments

Seller

$16.2M

vol

8 deals

Seller

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