Joshua Yaghoubzadeh Of Bolt Equities Acquires Multifamily Asset From Colette Johnson For $1.25M
SOLD
$1,250,000
New York
See Similar DealsMultiFamily2,600 SF
Sold 05/01/2025
SOLD
Joshua Yaghoubzadeh Of Bolt Equities Acquires Multifamily Asset From Colette Johnson For $1.25M
409 Bainbridge Street
See Similar DealsMultiFamily2,600 SF
Sold 05/01/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$480
Total Square Footage:2,600 SF
Transaction Type:Sale
The property asset involved in the transaction is a multifamily building located at 409 Bainbridge Street in Brooklyn. It has a total of 2 units, covers a square footage of 2,600, and was sold for a total price of $1,250,000, resulting in a price per unit of $625,000 and a price per square foot of $480.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Units: 2
- Price Per Unit: $625,000
- Square Footage: 2,600
- Price Per Square Foot: $480
- Buyer: Joshua Yaghoubzadeh - Bolt Equities
- Seller: Colette Johnson
- Date of Transaction: 5/1/2025
- Market: Brooklyn
Joshua Yaghoubzadeh represents Bolt Equities, a company that is actively seeking to purchase townhomes and brownstones across central and northern Brooklyn. Interested parties can reach out to him at [email protected].
Players
BUYER
Details
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
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Annual Debt Service$71,107.65
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