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
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
9.28%
Cash-on-Cash
-2.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93