Cohabs Acquires Multifamily Property On Stanhope Street From Luis Rodrigez
SOLD
New York
See Similar DealsMultiFamily3,300 SF
Sold 05/23/2024
SOLD
Cohabs Acquires Multifamily Property On Stanhope Street From Luis Rodrigez
321 Stanhope Street
See Similar DealsMultiFamily3,300 SF
Sold 05/23/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$500
Total Square Footage:3,300 SF
Transaction Type:Sale
The multifamily property located at 321 Stanhope Street in Bushwick, Brooklyn was sold for $1,650,000. The property consists of 3 units with a total square footage of 3,300. The price per unit was $550,000, and the price per square foot was $500.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Units: 3
- Square Footage: 3,300
- Price Per Unit: $550,000
- Price Per Square Foot: $500
- Address: 321 Stanhope Street, Bushwick, Brooklyn
- Buyer: Cohabs @Cohabs
- Seller: Luis Rodrigez
- Broker: Peter Matheos & Isaiah Thomas - Matheos Realty Group
The successful sale was facilitated by the Matheos Realty Group, with Peter Matheos & Isaiah Thomas representing the parties involved. A note of gratitude was expressed to @rosariolawgroup for their assistance in finalizing the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
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