Laura McCarthy Acquires Multifamily Property In Bushwick, Brooklyn For $1.7M
284 Grove Street, Brooklyn, New York 11237, United States
$1,700,000
$515/SF
Building Size
3,300 SF
Asset Type
MultiFamily
Closing
Mar 3, 2022
AI
The multifamily property located at 284 Grove Street in Bushwick, Brooklyn was recently sold for a sale price of $1,700,000. The property consists of 3 units, offering a price per unit of $566,666. With a total square footage of 3,300, the property has a price per square foot of $515.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Units: 3
- Price per Unit: $566,666
- Square Footage: 3,300
- Price per Square Foot: $515
- Address: 284 Grove Street, Bushwick, Brooklyn
The buyer of the property was Laura McCarthy, represented by Dan O'Brien, Caroline Hodes, Rob Shapiro, Ian Brooks, and Jake McGuffog of Cushman & Wakefield. Their expertise and involvement ensured a successful transaction for both the buyer and the seller.
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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93