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188 Cooper Street

Updated Oct 29, 2024

Greenbrook Partners Acquires Multifamily In Bushwick, Brooklyn For $3.55M
SOLDMultiFamily

Greenbrook Partners Acquires Multifamily In Bushwick, Brooklyn For $3.55M

188 Cooper Street

$3,550,000

$601/SF

Building Size

5,901 SF

Asset Type

MultiFamily

Closing

Dec 29, 2022

About this deal

AI

The multifamily property located at 188 Cooper Street in Bushwick, Brooklyn has been sold in a closed transaction. The property consists of 8 units with a total square footage of 5,901. The sale price for the property was $3,550,000, resulting in a price per unit of $443,750 and a price per square foot of $602.

Summary of transaction details:

The buyer in this transaction was Greenbrook Partners, and the seller was David Shavolian. Representing the buyer was Ari Harkov from Brown Harris Stevens, while the seller was represented by Matthew Gillis and Dov Chein from Ariel Property Advisors. The deal was successfully closed with a sale price of $3,550,000.

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$3,550,000

$601/SF

MultiFamily

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Players

Matthew Gillis

Ariel Property Advisors

Broker

$295M

vol

25 deals

Broker
Greenbrook Partners
Greenbrook PartnersBuyer
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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $601 per square foot on a published $3.6M for 5,901 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.47%

Cash-on-Cash

-1.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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