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288 Linden Street, Brooklyn...

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

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

Daniel Barcelowsky

Evergreen Realty & Investments

Broker

$83.9M

vol

52 deals

Broker

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