Updated Oct 25, 2024
Marcus & Millichap Sells Multifamily Property In Bushwick, Brooklyn For $2.33M
260 Wyckoff Avenue
$2,330,000
$454/SF
Building Size
5,125 SF
Asset Type
MultiFamily
Closing
Apr 10, 2023
About this deal
AI
The multifamily property located at 260 Wyckoff Avenue in Bushwick, Brooklyn has been sold. The property consists of 5 units with a total square footage of 5,125. The sale price for this transaction was $2,330,000, resulting in a price per unit of $466,000 and a price per square foot of $455.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,330,000
- Address: 260 Wyckoff Avenue
- Market: Bushwick, Brooklyn
Shaun Riney and Michael Salvatico from Marcus & Millichap acted as the brokers for the sale of this property on behalf of the seller, The Chang Family.
Players
Market 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
6.81%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93