Updated Dec 22, 2023
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
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
8.03%
Cash-on-Cash
-2.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93