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Abe Silberstein Acquires Multifamily Property On Linden Street In Bushwick For $2.9M

Property Image
SOLD
$2,925,000
Fred Bijou
Eddie Laboz
+ 2

New York

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MultiFamily53,380 SF
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Property Image
SOLD

Abe Silberstein Acquires Multifamily Property On Linden Street In Bushwick For $2.9M

269A Linden St, Brooklyn, NY 11237, USA

See Similar Deals
MultiFamily53,380 SF
Sold
Fred Bijou
Eddie Laboz
+ 2
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$54
Total Square Footage:53380 SF
Transaction Type:Sale

Located in Bushwick, the multifamily property at 269A Linden Street recently changed hands in a closed transaction. The property spans 5,338 square feet and consists of 6 units. The sale price for this transaction was $2,925,000, resulting in a price per square foot of $648. The property was sold at a 6% capitalization rate.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $2,925,000
  • Square Footage: 5,338
  • Price Per Square Foot: $648
  • Capitalization Rate: 6%
  • Units: 6

The sellers of the property were Elliot Horowitz and Max Koslowitz, while the buyer was Abe Silberstein. The deal was facilitated by brokers Matt Cosentino, Fred Bijou, and Eddie Laboz from TerraCRG.

Players

Eddie Laboz
7 deals$16.8M volume
BROKER

Fred Bijou
Bijou Equities
32 deals$94.2M volume(917) 626-8413
BROKER

Matthew (Matt) Cosentino
Terra CRG
81 deals$319M volume
BROKER

Elliot Horowitz
7 deals$50.3M volume
SELLER

Details

SOLD
IMAGE: Matt Cosentino, Fred Bijou & Eddie Laboz DATE:03/05/2020 ADDRESS: 269A Linden Street MARKET: Bushwick ASSET TYPE: Multifamily SALE PRICE: $2,925,000 SF: 5,338 PPSF: $648 CAP RATE: 6% UNITS: 6 SELLER: Elliot Horowitz & Max Koslowitz BUYER: Abe Silberstein BROKERS: Matt Cosentino, Fred Bijou, Eddie Laboz @TerraCRG

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$156,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,391.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,865.99
Annual Debt Service$166,391.91