Cole Bennette Acquires Multifamily Property In Bushwick For $950K
195 Moffat St, Brooklyn, NY 11207, USA
$950,000
$37/SF
Building Size
25,670 SF
Asset Type
MultiFamily
Closing
Jun 30, 2019
AI
The multifamily property located at 195 Moffat Street in Bushwick has been sold in a closed transaction. The property consists of 2,567 square feet and features two units. The asking price for the property was $975,000, and it was sold for $950,000, resulting in a price per square foot of $370. The buyer of the property was Cole Bennette, and the seller was Sharline Moore. The transaction was facilitated by broker Joshua Brown from PushForwardNYC.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $950,000
- Property Size: 2,567 square feet
- Asking Price: $975,000
- Price Per Square Foot: $370
- Units: 2
- Seller: Sharline Moore
- Buyer: Cole Bennette
- Broker: Joshua Brown @PushForwardNYC
Cole Bennette was the buyer in this transaction, while Sharline Moore was the seller. Joshua Brown, a broker from PushForwardNYC, represented the parties involved in the deal.
New York 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
16.70%
Cash-on-Cash
-4.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93