Updated Dec 21, 2023
The Harkov Lewis Team Represents Buyer In $2.67M Multifamily Sale In Bushwick, Brooklyn
1106 Gates Avenue, Brooklyn, New York 11221, United States
$2,670,000
$809/SF
Building Size
3,300 SF
Asset Type
MultiFamily
Closing
Jun 22, 2022
About this deal
AI
A multifamily property located at 1106 Gates Ave. in Bushwick, Brooklyn has been sold for $2,670,000. The property consists of 5 units with a price per unit of $534,000. It spans 3,300 square feet, resulting in a price per square foot of $809.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,670,000
- Address: 1106 Gates Ave.
- Market: Bushwick, Brooklyn
- Units: 5
- Price per Unit: $534,000
- Square Footage: 3,300
- Price per Square Foot: $809
The buyer's representative in this transaction was Ari Harkov from The Harkov Lewis Team of Brown Harris Stevens. On the other hand, the seller was represented by Derek Bestreich, Luke Sproviero, Steve Reynolds, Tom Reynolds, and Brian Davila from Investment Property Realty Group (IPRG).
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Tom Reynolds to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.94%
Cash-on-Cash
-1.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93