Rosilio Family Acquires Multi Family Property On Evergreen Avenue In Bushwick For $1.325M
SOLD
$1,325,000
New York
See Similar DealsMultiFamily4,125 SF
Sold 09/26/2018
SOLD
Rosilio Family Acquires Multi Family Property On Evergreen Avenue In Bushwick For $1.325M
279 Evergreen Ave #281, Brooklyn, NY 11221, USA
See Similar DealsMultiFamily4,125 SF
Sold 09/26/2018
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$321
Total Square Footage:4,125 SF
Transaction Type:Sale
A multi-family property located at 279-281 Evergreen Avenue in Bushwick, New York has been sold in a closed transaction. The property consists of 6 units with a total area of 4,125 square feet. The sale price for the property was $1,325,000, resulting in a price per square foot of $321. The buyer, the Rosilio Family, purchased the property from the seller, Gonzalo Gaibor.
Summary of transaction details
- Property Type: Multi family
- Sale Price: $1,325,000
- Square Footage: 4,125 SF
- Price Per Square Foot: $321
- Units: 6
The transaction was facilitated by the Darouvar Team's Kevin Darouvar, Roy Oskar, and Jacob Stavsky. They represented the buyer, seller, and facilitated the deal between the two parties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$70,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,707.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,281.18
Annual Debt Service$75,374.11
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