Updated Dec 19, 2023
Daniel Barcelowsky Of VRGrealty Sells Bushwick Multifamily Property For $800K
175 Wyckoff Avenue, Brooklyn, NY 11237
$800,000
$186/SF
Building Size
4,282 SF
Asset Type
MultiFamily
Closing
Jun 4, 2020
About this deal
AI
A multifamily property located at 175 Wyckoff Ave in Bushwick, Brooklyn has been sold. The property is classified as a 2A tax class and features a total square footage of 4,282. The sale price for the property was $800,000, with an asking price of $945,000. The price per square foot (PPSF) comes out to be $186. The transaction took place on 06/04/2021 and the property achieved a cap rate of 6.75%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $800,000
- Tax Class: 2A
- Address: 175 Wyckoff Ave
- Market: Bushwick, Brooklyn
- Asking Price: $945,000
- Square Footage: 4,282
- PPSF: $186
- Cap Rate: 6.75%
The deal was facilitated by Daniel Barcelowsky of VRGrealty, who represented the parties involved in the transaction.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
19.83%
Cash-on-Cash
-5.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93