Updated Dec 19, 2023
Roni Abudi Acquires Multifamily Property In Bushwick For $1.28M
232 Stanhope Street
$1,280,000
$262/SF
Building Size
4,875 SF
Asset Type
MultiFamily
Closing
Oct 13, 2022
About this deal
AI
A multifamily property located at 232 Stanhope Street in the Bushwick neighborhood recently changed hands in a closed transaction. The property spans 4,875 square feet and was sold for a price of $1,280,000, resulting in a price per square foot of $263. The sale was facilitated by broker Matt Cosentino from TerraCRG.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,280,000
- Square Footage: 4,875
- Address: 232 Stanhope Street
- Market: Bushwick
Roni Abudi is the buyer of the property, with Matt Cosentino from TerraCRG representing the buyer in the transaction. The deal highlights the involvement of key individuals and companies in the sale of the multifamily property in Bushwick.
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
12.39%
Cash-on-Cash
-3.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93