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Margules Properties Acquires Multifamily Property In Bushwick For $6.65M

Property Image
SOLD
$6,650,000
DJ Johnston
IF
DS

New York

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MultiFamily4,350 SF
Sold 09/26/2019
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Property Image
SOLD

Margules Properties Acquires Multifamily Property In Bushwick For $6.65M

185 Jefferson St, Brooklyn, NY 11206, USA

See Similar Deals
MultiFamily4,350 SF
Sold 09/26/2019
DJ Johnston
IF
DS
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,528
Total Square Footage:4,350 SF
Transaction Type:Sale

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.

Players

DJ Johnston
Matthews
DJ Johnston
102 deals$493.3M volume(914) 584-7422
BROKER
B6 Real Estate Advisors
B6 Real Estate Advisors
BROKERAGE
MP
Margules Properties
BUYER
IF
Skybrook Capital
Isaac Fried
5 deals$15.6M volume
SELLER
DS
Skybrook Capital
David Samuels
6 deals$20.9M volume
SELLER

Details

SOLD
IMAGE: Teddy Margules, DJ Johnston & Eric Margules DATE: 09/26/2019 ADDRESS: 185 Jefferson Street, 1381 Madison Street MARKET: Bushwick/Brooklyn ASSET TYPE: Multifamily SELLER: Skybrook Capital – Isaac Fried & David Samuels BUYER: Margules Properties BROKER: B6 Real Estate – DJ Johnston SALE PRICE: $6,650,000 SF: 4,350 PPSF: $1,528 UNITS: 12 PPU: 554,166 NOTE: The building […]

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$354,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$23,626.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,524.39
Annual Debt Service$378,292.71