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Daniel Barcelowsky Of Evergreen Realty & Investments Sells Multifamily Property In Bushwick, Brooklyn And Ridgewood, Queens For $3.05M

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SOLD
$3,050,000

New York

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MultiFamily10,700 SF
Sold 07/12/2022
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SOLD

Daniel Barcelowsky Of Evergreen Realty & Investments Sells Multifamily Property In Bushwick, Brooklyn And Ridgewood, Queens For $3.05M

1582 Dekalb Avenue, Brooklyn, New York 11237, United States

See Similar Deals
MultiFamily10,700 SF
Sold 07/12/2022
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$285
Total Square Footage:10,700 SF
Transaction Type:Sale

The multifamily property located at 1582 DeKalb Ave. in Bushwick, Brooklyn and 1853 Cornelia St. in Ridgewood, Queens was recently sold for a price of $3,050,000. The transaction took place on 07/12/2022, and the property consists of 12 units with a total square footage of 10,700. The price per unit is approximately $254,166, and the price per square foot is around $285.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,050,000
  • Address: 1582 DeKalb Ave., Bushwick, Brooklyn & 1853 Cornelia St., Ridgewood, Queens
  • Market: Bushwick, Brooklyn, Ridgewood, Queens
  • Broker: Daniel Barcelowsky - Evergreen Realty & Investments
  • Units: 12
  • Price per Unit: $254,166
  • Square Footage: 10,700
  • Price per Square Foot: $285

Daniel Barcelowsky from Evergreen Realty & Investments served as the broker for this transaction.

Players

Daniel Barcelowsky
52 deals$83.9M volume
BROKER

Details

SOLD
IMAGE: Daniel Barcelowsky DATE: 07/12/2022 ADDRESS: 1582 DeKalb Ave. & 1853 Cornelia St. MARKET: Bushwick, Brooklyn, Ridgewood, Queens ASSET TYPE: Multifamily BROKER: Daniel Barcelowsky (@danielbarcelowsky) - Evergreen Realty (@EvrgRealty) & Investments SALE PRICE: $3,050,000 UNITS: 12 ~ PPU: $254,166 SF: 10,700 ~ PPSF: $285

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$162,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,836.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,458.56
Annual Debt Service$173,502.67