facebook
Traded Co logo
Submit

Skyline Builders Sells Multifamily Property In Bushwick For $3.17M

Property Image
SOLD
$3,167,550
Richard (Rich) Velotta
Ari Harkov
GC

New York

See Similar Deals
MultiFamily4,800 SF
Sold 08/31/2022
the dealplayerscompscontact
Property Image
SOLD

Skyline Builders Sells Multifamily Property In Bushwick For $3.17M

326 Cornelia Street

See Similar Deals
MultiFamily4,800 SF
Sold 08/31/2022
Richard (Rich) Velotta
Ari Harkov
GC
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$659
Total Square Footage:4,800 SF
Transaction Type:Sale

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.

Players

Richard (Rich) Velotta
Raven Property Advisors
Richard Velotta
29 deals$402.4M volume
BROKER
Ari Harkov
Brown Harris Stevens
Ari Harkov
86 deals$429.1M volume(212) 381-4246
BROKER
GC
Greg Coady
2 deals$4.9M volume
SELLER

Details

SOLD
IMAGE: POST SALE IMAGE: Ari Harkov, Greg Coady, Nick Coady, Greg Moer & Rich Velotta DATE: 08/31/2022 ADDRESS: 326 Cornelia St. MARKET: Bushwick ASSET TYPE: Multifamily SELLER: Skyline Builders - Greg Coady, Nick Coady & Nick Moer BROKERS: Rich Velotta (@TeamVelotta) - Raven Property Advisors, Ari Harkov (@AriHarkov) (The Harkov Lewis Team) (@HarkovLewisTeam) - Brown Harris Stevens SALE PRICE: $3,167,550 UNITS: 6 ~ PPU: $527,925 SF: 4,800 ~ PPSF: $659

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$168,936.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,253.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,015.80
Annual Debt Service$180,189.64