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Unicorn Properties Group Acquires Multifamily Property In Bushwick, Brooklyn For $1.15M

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SOLD
$1,150,000

New York

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MultiFamily3,600 SF
Sold 08/10/2022
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SOLD

Unicorn Properties Group Acquires Multifamily Property In Bushwick, Brooklyn For $1.15M

248 Palmetto Street, Brooklyn, New York 11221, United States

See Similar Deals
MultiFamily3,600 SF
Sold 08/10/2022
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$319
Total Square Footage:3,600 SF
Transaction Type:Sale

An multifamily property located at 248 Palmetto St. in Bushwick, Brooklyn has been sold for $1,150,000. The property consists of 3 units with a total square footage of 3,600. The price per unit is $383,333 and the price per square foot is $319.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,150,000
  • Date: 08/10/2022
  • Address: 248 Palmetto St.
  • Market: Bushwick, Brooklyn

The buyer of the property is Unicorn Properties Group, represented by Eric Carino & Enrico Ferri. The seller is Debbie Pastrana. Eric Carino can be contacted at the office number 718-725-1500, cell number 646-921-3377, or via email at [email protected].

Unicorn Properties Group is actively purchasing single and multi-unit properties in North-Brooklyn, North-Western Brooklyn, and Central Brooklyn (near Prospect Park). They are also interested in properties in Ridgewood, Queens and Uptown Manhattan. The buyer is specifically looking for free market residential units with a minimum of 20,000 buildable square feet for residential development.

Players

10 deals$12.2M volume
BUYER

Details

SOLD
IMAGE: Eric Carino & Enrico Ferri DATE: 08/10/2022 ADDRESS: 248 Palmetto St. MARKET: Bushwick, Brooklyn ASSET TYPE: Multifamily BUYER: Unicorn Properties Group (@UnicornPropertiesGroup) - Eric Carino & Enrico Ferri SELLER: Debbie Pastrana SALE PRICE: $1,150,000 UNITS: 3 ~ PPU: $383,333 SF: 3,600 ~ PPSF: $319 NOTE: We are actively purchasing single & multi-unit properties in North-Brooklyn, North-Western Brooklyn and Central Brooklyn(near Prospect Park). Ridgewood Queens and Uptown Manhattan a plus! •Units: 1 - 5 •Free market •Residential(Non-commercial) •Residential Development 20k buildable Sq Ft(Minimum) Contact:Eric Carino Office: 718-725-1500 Cell: 646-921-3377 Email: [email protected]

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,085.72
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