Updated Oct 12, 2026
Eric Krantz Acquires Bushwick Multifamily From Mark And Christopher Devli For $2.45M
167 Irving Ave, Brooklyn, NY 11237, USA
Building Size
5,508 SF
Asset Type
MultiFamily
Closing
Jul 11, 2018
About this deal
AI
Located in the Bushwick neighborhood of Brooklyn, the multifamily property at 167 Irving Avenue has been sold for a price of $2,450,000. With a price per square foot of $445, this transaction was closed on July 12, 2018.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,450,000
- Price Per Square Foot: $445
The buyer of the property is Eric Krantz, while the sellers include Mark Devli, Christopher Devli, and Sam Gelin. The deal was facilitated by TerraCRG, with Matthew Cosentino, Eric Satanovsky, and Fred Bijou representing the parties involved.
On the Map
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