The Altberg Family Acquires Multifamily Property In Bushwick For $1.46M
257 Himrod Street, Brooklyn, NY 11237
$1,462,500
$325/SF
Building Size
4,500 SF
Asset Type
MultiFamily
Closing
Dec 21, 2021
AI
257 Himrod Street is a 4,500 SF fully stabilized 6-unit property located in Bushwick. The property was sold on 12/21/2021 for a sale price of $1,462,500. The buyer of the property is The Altberg Family. The transaction was facilitated by Shaun Riney, Mike Salvatico, and Michael Kolbus from Marcus & Millichap. The property is classified as a Multifamily asset, with a zoning designation of R6. The market where the property is situated is Bushwick.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,462,500
- Address: 257 Himrod Street
- Market: Bushwick
- Square Footage: 4,500 SF
- Zoning: R6
In 2021, the NYM Group has sold over 10 stabilized properties in Bushwick. For more information about the deal, similar properties for sale, or an opinion of value on your investment property, interested parties can get in touch with Shaun Riney, Mike Salvatico, or Michael Kolbus.
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
10.85%
Cash-on-Cash
-3.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93