Updated Dec 21, 2023
Investment Property Realty Group Sells Mixed-Use Property In Bushwick For $4M
25 Stanhope Street, Brooklyn, New York 11221, United States
$4,000,000
$1,065/SF
Building Size
3,754 SF
Asset Type
MultiFamily
Closing
Jul 20, 2022
About this deal
AI
Located at 25 Stanhope St. in Bushwick, Brooklyn, this mixed-use property was recently sold in a closed transaction. The property spans approximately 3,750 square feet and offers a diverse range of uses. The sale price for this transaction was $4,000,000, resulting in a price per square foot of $1,066.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,000,000
Ari Harkov from The Harkov Lewis Team at Brown Harris Stevens represented the buyer in this transaction. On the other side, Derek Bestreich, Steve Reynolds, Tom Reynolds, and Brian Davila from Investment Property Realty Group (IPRG) served as the seller's representatives.
Noted by @IPRG_NY, this mixed-use property is free market, providing potential for various uses and opportunities.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Tom Reynolds to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93