Updated Oct 29, 2024
Margules Properties Acquires Multifamily Property In Bushwick For $6.65M
185 Jefferson St, Brooklyn, NY 11206, USA
$6,650,000
$1,528/SF
Building Size
4,350 SF
Asset Type
MultiFamily
Closing
Sep 25, 2019
About this deal
AI
Margules Properties has acquired a multifamily property located at 185 Jefferson Street and 1381 Madison Street in the Bushwick/Brooklyn market. The property consists of 12 units with a total square footage of 4,350. The sale price for this transaction was $6,650,000, resulting in a price per square foot of $1,528.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,650,000
- Address: 185 Jefferson Street, 1381 Madison Street
- Market: Bushwick/Brooklyn
The seller in this deal was Skybrook Capital, represented by Isaac Fried and David Samuels. The buyer, Margules Properties, acquired the property with the assistance of DJ Johnston from B6 Real Estate.
On the Map
$6,650,000
$1,528/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.39%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93