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264 Linden St, Brooklyn, NY...

Jemiel Nejim, MD Acquires Bushwick Multifamily For $1.71M
SOLDMultiFamily

Jemiel Nejim, MD Acquires Bushwick Multifamily For $1.71M

264 Linden St, Brooklyn, NY 11237, USA

$1,710,000

$518/SF

Building Size

3,300 SF

Asset Type

MultiFamily

Closing

Sep 16, 2019

AI

Located in Bushwick, the multifamily property at 264 Linden Street was recently sold in a closed transaction. The property spans a total area of 3,300 square feet and consists of 3 units. The sale price for the property was $1,710,000, resulting in a per square foot price of $518. Each unit was sold for an average of $570,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,710,000
  • Address: 264 Linden Street
  • Market: Bushwick
  • Square Footage: 3,300
  • Price per Square Foot: $518
  • Units: 3
  • Price per Unit: $570,000

The seller of the property was Margate Atlantic Properties, represented by Eve Shalam. The buyer, Jemiel Nejim, MD, was represented by their broker. The seller's representatives in the deal were Fred Bijou, Matt Cosentino, and Eddie Laboz from TerraCRG.

Players

MP
Margate Atlantic PropertiesSeller

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

9.28%

Cash-on-Cash

-2.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93