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284 Grove Street, Brooklyn,...

Laura McCarthy Acquires Multifamily Property In Bushwick, Brooklyn For $1.7M
SOLDMultiFamily

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

Caroline Hodes

Newmark

Broker

$1.9B

vol

97 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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