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379 Himrod St Brooklyn, NY ...

Jacob Ahiyon Acquires Multifamily Property In Bushwick, Brooklyn For $1.6M
SOLDMultiFamily

Jacob Ahiyon Acquires Multifamily Property In Bushwick, Brooklyn For $1.6M

379 Himrod St Brooklyn, NY 11237, USA

$1,600,000

$372/SF

Building Size

4,300 SF

Asset Type

MultiFamily

Closing

Sep 7, 2023

AI

A multifamily property located at 379 Himrod Street in Bushwick, Brooklyn has been sold for a price of $1,600,000. The property consists of three units with an average price per unit of $533,333. The total square footage of the property is 4,300, resulting in a price per square foot of $372.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,600,000
  • Units: 3
  • Price per Unit: $533,333
  • Square Footage: 4,300
  • Price per Square Foot: $372

The buyer of the property is Jacob Ahiyon, while the seller is Maverick Real Estate Partners. The deal was facilitated by brokers Daniel O'Brien, Caroline Hodes, Ian Brooks, and Michael Kolbus from Cushman & Wakefield.

Players

Caroline Hodes

Newmark

Broker

$1.8B

vol

94 deals

Broker
MP
Maverick Real Estate PartnersSeller

Market 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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93