Updated Oct 29, 2024
KPG Management Sells Multifamily Property In Bushwick, Brooklyn For $1.75M
297 Himrod Street
$1,750,000
$347/SF
Building Size
5,035 SF
Asset Type
MultiFamily
Closing
Dec 21, 2022
About this deal
AI
The multifamily property located at 297 Himrod Street in Bushwick, Brooklyn has been sold for $1,750,000. The property consists of 6 units with a price per unit (PPU) of $291,667. The total square footage of the property is 5,035, resulting in a price per square foot (PPSF) of $348.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Units: 6
- PPU: $291,667
- Square Footage: 5,035
- PPSF: $348
The seller of the property is The Krantz Family, represented by KPG Management. The transaction was facilitated by brokers Shaun Riney and Michael Salvatico of Marcus & Millichap.
Players
Bushwick, Brooklyn 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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93