Updated Dec 21, 2023
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
$3,050,000
$285/SF
Building Size
10,700 SF
Asset Type
MultiFamily
Closing
Jul 11, 2022
About this deal
AI
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.
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
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93