Updated May 12, 2025
Bestreich Realty Group Acquires Multifamily Property In Bushwick For $27.4M
1830 Starr Street, Ridgewood, NY, USA
$27,401,000
$585/SF
Building Size
46,836 SF
Asset Type
MultiFamily
Closing
Jul 14, 2020
About this deal
AI
This multifamily property, located at 18-30 Starr Street in Bushwick, was sold for $27,401,000. The asset comprises 51 units with a total square footage of 46,836, resulting in a price per unit of $537,274 and a price per square foot of $585.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $27,401,000
- Units: 51
- Square Feet: 46,836
- Price Per Unit: $537,274
- Price Per Square Foot: $585
The transaction involved brokers Derek Bestreich, Luke Sproviero, and Steve Reynolds from Bestreich Realty Group, as well as Ari Harkov from Brown Harris Stevens, representing the buyers and sellers in this multifamily deal.
On the Map
$27,401,000
$585/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.58%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93