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
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