facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

195 Moffat St, Brooklyn, NY...

Cole Bennette Acquires Multifamily Property In Bushwick For $950K
SOLDMultiFamily

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.

Players

Joshua Brown

Pushing Forward Development

Broker

$15.2M

vol

14 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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