Updated Jul 16, 2026
Ryan Perkoski Acquires Multifamily Property On Melrose Street In Bushwick For $1M
416 Melrose Street, Bushwick, Brooklyn, NY, USA
$1,000,000
$153/SF
Building Size
6,500 SF
Asset Type
MultiFamily
Closing
Jul 21, 2021
About this deal
AI
A multifamily property located at 416 Melrose Street in Bushwick, was recently sold for $1,000,000. The property consists of 8 units with a total square footage of 6,500. The price per unit was $125,000 and the price per square foot was $153.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Address: 416 Melrose Street
- Market: Bushwick
The buyer of the property was Ryan Perkoski, and the seller was Jeff Fox. The deal was facilitated by Ryan Perkoski and Henry Grass from RPR Ventures.
Players
Brooklyn 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93