Melissa Luse - Tiger Property Partners Acquires Multifamily Property In Bushwick, Brooklyn For $1.05M
264 Jefferson St, Brooklyn, NY 11237, USA
$1,050,000
$244/SF
Building Size
4,290 SF
Asset Type
MultiFamily
Closing
Oct 15, 2019
AI
The multifamily property located at 264 Jefferson Street in Bushwick, Brooklyn has been sold. The property consists of 6 units with a total square footage of 4,290. The sale price for the property was $1,050,000, resulting in a price per square foot of $244. The buyer of the property was Melissa Luse from Tiger Property Partners. The seller was the Estate of Frank Prestigiacomo. Bestreich Realty Group, represented by Steve Reynolds, Derek Bestreich, and Brian Davila, facilitated the transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Square Footage: 4,290
- Price per Square Foot: $244
- Number of Units: 6
- Buyer: Melissa Luse – Tiger Property Partners
- Seller: Estate of Frank Prestigiacomo
- Brokers: Bestreich Realty Group – Steve Reynolds, Derek Bestreich, Brian Davila
The deal was facilitated by Bestreich Realty Group, whose representatives Steve Reynolds, Derek Bestreich, and Brian Davila played a key role in the transaction. This successful transaction showcases their expertise and the trust placed in them by both the buyer, Melissa Luse, and the seller, the Estate of Frank Prestigiacomo.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93