Brown Harris Stevens Represents Buyer In $4.25M Multifamily Sale In Bushwick
30 Belvidere Street, Brooklyn, New York 11206, United States
$4,250,000
$909/SF
Building Size
4,675 SF
Asset Type
MultiFamily
Closing
Mar 16, 2022
AI
A multifamily property located at 30 Belvidere St. in Bushwick has been sold for $4,250,000. The property consists of 8 units with a total square footage of 4,764. The price per unit was $531,250, and the price per square foot was $892.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,250,000
- Address: 30 Belvidere St.
- Market: Bushwick
- Units: 8
- Price per Unit: $531,250
- Square Footage: 4,764
- Price per Square Foot: $892
The buyer's representative in the deal was Ari Harkov from The Harkov Lewis Team at Brown Harris Stevens. The seller's representatives were Baruch Edlekopf and Joseph Rosenfeld from Schuckman Realty.
Players
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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93