Updated Dec 21, 2023
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.
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MultiFamily
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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