Unicorn Properties Group Acquires Multifamily Property In Bushwick For $999,000
318 Cornelia Street, Brooklyn, New York 11237, United States
$999,000
$314/SF
Building Size
3,180 SF
Asset Type
MultiFamily
Closing
May 19, 2022
AI
Unicorn Properties Group, represented by Eric Carino & Enrico Ferri, has acquired a multifamily property located at 318 Cornelia St. in Bushwick. The sale, which took place on 05/20/2022, involved the sellers Otilio Rivera & Luz Rivera.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $999,000
- Units: 2
- Price Per Unit (PPU): $499,500
- Square Footage (SF): 3,180
- Price Per Square Foot (PPSF): $314
Unicorn Properties Group specializes in purchasing single and multi-unit properties in North Brooklyn, North-Western Brooklyn, and Central Brooklyn near Prospect Park. They are also interested in properties in Ridgewood Queens and Uptown Manhattan.
Contact information for Eric Carino:
Office: 718-725-1500
Cell: 718-844-1118
Email: [email protected]
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
15.88%
Cash-on-Cash
-4.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93