Updated Oct 29, 2024
Greg Fournier Of Greenbrook Properties Acquires 6-Unit Multifamily Property In Bushwick, Brooklyn For $2.2M
280 Suydam St Brooklyn, NY 11237, USA
$2,200,000
$419/SF
Building Size
5,250 SF
Asset Type
MultiFamily
Closing
Aug 14, 2023
About this deal
AI
The multifamily property located at 280 Suydam Street in Bushwick, Brooklyn has been sold for a total price of $2,200,000. The property consists of six units, with an average price per unit of $366,667. The total square footage of the property is 5,250, resulting in a price per square foot of $419.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Address: 280 Suydam Street, Bushwick, Brooklyn
- Market: Bushwick, Brooklyn
- Buyer: Greg Fournier - Greenbrook Properties
- Seller: Erlich Family
- Broker: Marcel Fridman - Barcel Group
- Units: 6
- Square Footage: 5,250
Greg Fournier of Greenbrook Properties acted as the buyer in this transaction. The seller was the Erlich Family. Marcel Fridman, representing Barcel Group, served as the broker in the deal.
On the Map
$2,200,000
$419/SF
MultiFamily
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Players
Brooklyn 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93