Updated Dec 21, 2023
Elliot And Joseph Ambalo Acquire 6-Unit Multifamily Property In Bushwick For $1.2M
226 Moffat Street, Brooklyn, New York 11207, United States
$1,200,000
$218/SF
Building Size
5,500 SF
Asset Type
MultiFamily
Closing
Mar 30, 2022
About this deal
AI
The multifamily property located at 226 Moffat St. in Bushwick has been sold for $1,200,000. The property consists of 6 units, with a price per unit of $200,000. It spans a total area of 5,500 square feet, resulting in a price per square foot of $218.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Units: 6
- Price per Unit: $200,000
- Square Footage: 5,500
- Price per Square Foot: $218
- Address: 226 Moffat St.
- Market: Bushwick
The property was purchased by Elliot Ambalo and Joseph Ambalo from the seller Wilfred Baynes.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93