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

Property Image
SOLD
$1,200,000
Zachary Malekan
Hirschy Zaks

New York

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MultiFamily384 SF
Sold 07/25/2022
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Property Image
SOLD

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

277 Woodbine Street

See Similar Deals
MultiFamily384 SF
Sold 07/25/2022
Zachary Malekan
Hirschy Zaks
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$3,125
Total Square Footage:384 SF
Transaction Type:Sale

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
Hirschy Zaks
14 deals$77M volume(240) 723-5644
BROKER
Zachary Malekan
Venture Capital Properties
Zachary Malekan
3 deals$5.9M volume
BROKER
Z+G Property Group
Z+G Property Group
BUYER

Details

SOLD
IMAGE: Hirschy Zaks & Zachary Malekan DATE: 07/25/2022 ADDRESS: 277 Woodbine St. MARKET: Bushwick ASSET TYPE: Multifamily BUYER: Z+G Property Group SELLER: Amir Anah BUYER’S REP: Hirschy Zaks (@H.Money21) - Venture Capital Properties (@VCPRE) SELLER’S REP: Zachary Malekan - Venture Capital Properties (@VCPRE) SALE PRICE: $1,200,000 UNITS: 3 ~ PPU: $400,000 SF: 3,120 ~ PPSF: $384

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
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