Updated Sep 9, 2024
Ari Harkov Represents Buyer In $5.63M Multifamily Sale On Stockholm St. In Bushwick
409 Stockholm Street
$5,625,000
$1,023/SF
Building Size
5,498 SF
Asset Type
MultiFamily
Closing
Jun 15, 2022
About this deal
AI
A multifamily property located at 409 Stockholm St. in Bushwick has been sold for $5,625,000. The property consists of 8 units, with a price per unit of $703,125. The total square footage of the property is 5,498, resulting in a price per square foot of $1,023.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $5,625,000
- Units: 8
- Price per Unit: $703,125
- Square Footage: 5,498
- Price per Square Foot: $1,023
Ari Harkov from The Harkov Lewis Team at Brown Harris Stevens represented the buyer in this transaction.
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
2.82%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93