Updated Feb 16, 2024
Michael Vinciguerra Acquires Bushwick Multifamily For $1.6M
277 Starr St, Brooklyn, NY 11237, USA & 277 Starr St, Brooklyn, NY 11237, USA
Building Size
2,310 SF
Asset Type
MultiFamily
Closing
Apr 24, 2018
About this deal
AI
The multifamily property located at 277 Starr Street in Bushwick, Brooklyn has been sold for a price of $1,600,000. The property has a price per square foot (PPSF) of $693 and a capitalization rate (CAP RATE) of 5.3%. The seller of the property was Gabriel Drew & Hung Koon, and the buyer was Michael Vinciguerra.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Price per Square Foot (PPSF): $693
- Capitalization Rate (CAP RATE): 5.3%
TerraCRG, represented by Matt Cosentino, Eric Satanovsky, and Fred Bijou, acted as the broker in this deal.
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MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93