Laura McCarthy Acquires Multifamily Property In Bushwick, Brooklyn For $1.7M
SOLD
$1,700,000
+ 2
New York
See Similar DealsMultiFamily3,300 SF
Sold 03/04/2022
SOLD
Laura McCarthy Acquires Multifamily Property In Bushwick, Brooklyn For $1.7M
284 Grove Street, Brooklyn, New York 11237, United States
See Similar DealsMultiFamily3,300 SF
Sold 03/04/2022
+ 2
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$515
Total Square Footage:3,300 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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