Townhouse Rental Ii L.l.c Acquires Multi-Family Property In Bushwick, Brooklyn For $3.74M
14 Locust Street, Brooklyn, New York 11206, United States
$3,740,000
$906/SF
Building Size
4,125 SF
Asset Type
MultiFamily
Closing
Nov 22, 2021
AI
A multi-family property located at 14 Locust Street in Bushwick, Brooklyn has been sold. The property is zoned as M1-1 and has a lot size of 2,500 square feet with dimensions of 25 ft x 100 ft. The property last sold on April 18, 2016, for $1,750,000. The sale date of this transaction is November 23, 2021.
Summary of Transaction Details
- Property Type: Multi Family
- Sale Price: $3,740,000
- Building Square Footage: 4,125
- Price Per Square Foot: $907
- Land Square Footage: 2,500
- Price Per Land Square Foot: $1,496
- Far: 1.65
- Tax Class: 2A
The buyer of the property is Townhouse Rental II L.L.C, while the seller is Phillip Miller.
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
4.24%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93