Updated Oct 28, 2024
Skyline Builders Sells Multifamily Property In Bushwick For $3.17M
326 Cornelia Street
$3,167,550
$659/SF
Building Size
4,800 SF
Asset Type
MultiFamily
Closing
Aug 31, 2022
About this deal
AI
The multifamily property located at 326 Cornelia St. in Bushwick has been sold in a recent transaction. The property spans 4,800 square feet and consists of 6 units. The sale was facilitated by Rich Velotta from Raven Property Advisors and Ari Harkov from The Harkov Lewis Team at Brown Harris Stevens. The property was sold by Skyline Builders, represented by Greg Coady, Nick Coady, and Nick Moer.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,167,550
- Units: 6
- Price Per Unit: $527,925
- Square Footage: 4,800
- Price Per Square Foot: $659
- Market: Bushwick
The sale of 326 Cornelia St. in Bushwick was finalized with a sale price of $3,167,550. The transaction was led by Rich Velotta from Raven Property Advisors and Ari Harkov from The Harkov Lewis Team at Brown Harris Stevens. It is noteworthy that Skyline Builders, represented by Greg Coady, Nick Coady, and Nick Moer, were the sellers in this deal.
On the Map
$3,167,550
$659/SF
MultiFamily
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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
5.01%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93