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1473 Bushwick Ave, Brooklyn...

Updated Dec 21, 2023

Victor Azrak Acquires Multi-Family Property On Bushwick Avenue In Brooklyn For $1.35M
SOLDMultiFamily

Victor Azrak Acquires Multi-Family Property On Bushwick Avenue In Brooklyn For $1.35M

1473 Bushwick Ave, Brooklyn, NY 11207, USA

Building Size

48,250 SF

Asset Type

MultiFamily

Closing

Mar 7, 2018

About this deal

AI

The multi-family property located at 1473 Bushwick Avenue in New York City was sold for a price of $1,350,000. The property encompasses a total area of 4,825 square feet, resulting in a price per square foot of $280. The transaction took place in the Brooklyn market.

Summary of transaction details:

  • Property Type: Multi-family
  • Transaction Amount: $1,350,000
  • Address: 1473 Bushwick Avenue, New York
  • Market: Brooklyn
  • Square Footage: 4,825 sf
  • Price per Square Foot: $280

The seller of the property was Jeannette Jackson, while the buyer was Victor Azrak. The deal was facilitated by Bestreich Realty Group, with Steve Reynolds and Brian Davila representing the buyer and seller, respectively. It is worth noting that the property was delivered with three vacant apartments.

Players

Brian Davila

Investment Property Realty Group (IPRG)

Broker

$285M

vol

109 deals

Broker

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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