Updated Sep 5, 2024
Oxford Property Group Represents Sale Of Multifamily Property On Cooper Street, Bushwick, Brooklyn For $1.275M
241 Cooper Street
$1,275,000
$411/SF
Building Size
3,100 SF
Asset Type
MultiFamily
Closing
Jul 8, 2022
About this deal
AI
The multifamily property located at 241 Cooper Street in Bushwick, Brooklyn has been sold for $1,275,000. The property consists of three units, with a price per unit of $425,000. The total square footage of the property is 3,100, resulting in a price per square foot of $411.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,275,000
- Units: 3
- Price per Unit: $425,000
- Total Square Footage: 3,100
- Price per Square Foot: $411
The sale of the property was facilitated by Reynaldo Cruz of Oxford Property Group. His agency represented the buyer and seller in this transaction.
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
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93