Updated Dec 4, 2024
Kwang Han Acquires Multifamily Property On 145 George Street For $1.175M
145 George Street
$1,175,000
$525/SF
Building Size
2,236 SF
Asset Type
MultiFamily
Closing
Nov 6, 2023
About this deal
AI
A multifamily property located at 145 George Street in Bushwick, Brooklyn has been sold in a recent transaction. The property consists of 2 units, with a total square footage of 2,236. The sale price for this transaction was $1,175,000, resulting in a price per unit of $587,500 and a price per square foot of $525.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,175,000
- Units: 2
- Price per Unit: $587,500
- Square Footage: 2,236
- Price per Square Foot: $525
The buyer of the property is Kwang Han, while the seller is Elisabeth Medina. The deal was facilitated by two brokers: Daniel Barcelowsky from Evergreen Realty & Investments and Edward Cho from Douglas Elliman.
Players
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
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93