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1556 Greene Avenue, Brookly...

Updated Dec 22, 2023

TerraCRG And BHS Facilitate $1.975M Bushwick Multifamily Sale On Greene Avenue
SOLDMultiFamily

TerraCRG And BHS Facilitate $1.975M Bushwick Multifamily Sale On Greene Avenue

1556 Greene Avenue, Brooklyn, NY 11237

$1,975,000

$562/SF

Building Size

3,510 SF

Asset Type

MultiFamily

Closing

Oct 7, 2021

About this deal

AI

Located in Bushwick, Brooklyn, a multifamily property at 1556 Greene Avenue has recently been sold for a price of $1,975,000. The transaction, which took place on 10/07/2021, involved a total of 3 units within the property, resulting in a price per unit of $658,333. The property spans an area of 3,510 square feet, making the price per square foot approximately $562. The sale was facilitated by two brokers, Matt Cosentino from TerraCRG and Ari Harkov from BHS.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,975,000
  • Units: 3
  • Price per Unit: $658,333
  • Square Footage: 3,510
  • Price per Square Foot: $562
  • Address: 1556 Greene Avenue
  • Market: Bushwick, Brooklyn

The sale of this multifamily property showcases the expertise and involvement of brokers Matt Cosentino from TerraCRG and Ari Harkov from BHS. Their professional representation greatly contributed to the successful transaction of this property in Bushwick, Brooklyn.

Players

Matthew Cosentino

Terra CRG

Broker

$322.5M

vol

83 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $562 per square foot on a published $2M for 3,510 square feet (2021).

Visit Matthew (Matt) Cosentino to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.03%

Cash-on-Cash

-2.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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