Unicorn Properties Group Acquires Multifamily Property In Bushwick, Brooklyn For $1.15M
248 Palmetto Street, Brooklyn, New York 11221, United States
$1,150,000
$319/SF
Building Size
3,600 SF
Asset Type
MultiFamily
Closing
Aug 9, 2022
AI
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
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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93