Huij Xu Sells Multifamily Property On Linden Street In Bushwick, Brooklyn For $1.555M
288 Linden Street, Brooklyn, NY, USA
$1,555,000
$544/SF
Building Size
2,856 SF
Asset Type
MultiFamily
Closing
Jun 20, 2021
AI
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
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
10.20%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93