Melissa Luse Acquires Multifamily Property In Bushwick, Brooklyn For $2.2M
247 Himrod Street, Bushwick, Brooklyn, NY, USA
$2,200,000
$488/SF
Building Size
4,500 SF
Asset Type
MultiFamily
Closing
Jan 7, 2019
AI
A multifamily property located at 247 Himrod Street in Bushwick, Brooklyn was recently sold for $2,200,000. The property spans 4,500 square feet, resulting in a price per square foot of $488.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Address: 247 Himrod Street, Bushwick, Brooklyn
- Market: Bushwick, Brooklyn
- Seller: David Gerstel
- Buyer: Melissa Luse - Tiger Property Partners
- Seller's Representative: Matt Cosentino, Fred Bijou, Damhi Shaw & Eddie Laboz from TerraCRG
- Buyer's Representative: Taylor Cohen from Native Real Estate & Eric Satanovsky from CA Realty Inc
The sale of this multifamily property was facilitated by TerraCRG's team including Matt Cosentino, Fred Bijou, Damhi Shaw, and Eddie Laboz. Representing the buyer was Taylor Cohen from Native Real Estate and Eric Satanovsky, who is now the Director of Acquisitions at CA Realty Inc. Previously, Eric was with TerraCRG.
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93