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277 Woodbine Street

Z&G Property Group Acquires Bushwick Multifamily For $1.2M
SOLDMultiFamily

Z&G Property Group Acquires Bushwick Multifamily For $1.2M

277 Woodbine Street

$1,200,000

$3,125/SF

Building Size

384 SF

Asset Type

MultiFamily

Closing

Jul 25, 2022

AI

A multifamily property located at 277 Woodbine St. in Bushwick has been sold in a recent transaction. The property consists of 3 units with a total square footage of 3,120. The sale price for the property was $1,200,000, resulting in a price per unit of $400,000. The price per square foot was calculated to be $384.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Address: 277 Woodbine St.
  • Market: Bushwick

The buyer in this transaction was Z+G Property Group, while the seller was Amir Anah. The buyer was represented by Hirschy Zaks from Venture Capital Properties, and the seller was represented by Zachary Malekan, also from Venture Capital Properties.

Players

Hirschy Zaks

Venture Capital Properties

Broker

$77M

vol

14 deals

Broker
Z+G Property Group
Z+G Property GroupBuyer

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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93