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
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:
- Property Type: Multifamily
- Transaction Amount: $3,550,000
- Address: 188 Cooper Street, Bushwick, Brooklyn
- Market: Bushwick, Brooklyn
- Buyer: Greenbrook Partners
- Seller: David Shavolian
- Buyer's Rep: Ari Harkov - Brown Harris Stevens
- Seller's Rep: Matthew Gillis & Dov Chein - Ariel Property Advisors
- Units: 8
- Square Footage: 5,901
- Price per Unit: $443,750
- Price per Square Foot: $602
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.
Players
Bushwick, Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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