Updated Dec 21, 2023
Ari Harkov's The Harkov Lewis Team Acquires Multifamily In Bushwick For $2.6M
26 Ditmars Street
$2,600,000
$963/SF
Building Size
2,700 SF
Asset Type
MultiFamily
Closing
Aug 31, 2022
About this deal
AI
Located in Bushwick, this multifamily property at 26 Ditmars St. has recently been sold in a closed transaction. The property consists of 3 units with a total square footage of 2,700. The sale price for this transaction was $2,600,000, resulting in a price per unit of approximately $866,666. The price per square foot for this property is approximately $962.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Address: 26 Ditmars St.
- Market: Bushwick
- Units: 3
- Square Footage: 2,700
- Price Per Unit: $866,666
- Price Per Square Foot: $962
Ari Harkov from The Harkov Lewis Team represented the buyer in this transaction.
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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93