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Huij Xu Sells Multifamily Property On Linden Street In Bushwick, Brooklyn For $1.555M

Property Image
SOLD
$1,555,000

New York

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MultiFamily2,856 SF
Sold 06/21/2021
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Property Image
SOLD

Huij Xu Sells Multifamily Property On Linden Street In Bushwick, Brooklyn For $1.555M

288 Linden Street, Brooklyn, NY, USA

See Similar Deals
MultiFamily2,856 SF
Sold 06/21/2021
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$544
Total Square Footage:2,856 SF
Transaction Type:Sale

The multifamily property located at 288 Linden Street in Bushwick, Brooklyn was recently sold in a closed transaction. The sale took place on June 21, 2021, and the property was listed by Daniel Barcelowsky and David Soria of EVRG Realty. The seller of the property was Huij Xu. The property has a total square footage of 2,856, with a price per square foot of $544. The asking price for the property was $1,650,000, and it was sold for $1,555,000.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $1,555,000
  • Seller: Huij Xu
  • Brokers: Daniel Barcelowsky & David Soria - EVRG Realty
  • Address: 288 Linden Street, Bushwick, Brooklyn
  • Market: Bushwick, Brooklyn

This transaction highlights the successful efforts of the brokers, Daniel Barcelowsky and David Soria from EVRG Realty, in representing the seller, Huij Xu, in the sale of the multifamily property at 288 Linden Street.

Players

Daniel Barcelowsky
52 deals$83.9M volume
BROKER

David Soria
5 deals$17M volume
BROKER

Details

SOLD
IMAGE: Daniel Barcelowsky & David Soria DATE: 06/21/2021 ADDRESS: 288 Linden Street MARKET: Bushwick, Brooklyn ASSET TYPE: Multifamily SELLER: Huij Xu BROKERS: Daniel Barcelowsky & David Soria - @EVRGRealty ASKING PRICE: $1,650,000 SALE PRICE: $1,555,000 SF: 2,856 ~ PPSF: $544

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,524.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,371.49
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