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30 Belvidere Street, Brookl...

Brown Harris Stevens Represents Buyer In $4.25M Multifamily Sale In Bushwick
SOLDMultiFamily

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

Ari Harkov

Brown Harris Stevens

Broker

$429.1M

vol

86 deals

Broker

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