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416 Melrose Street, Bushwic...

Ryan Perkoski Acquires Multifamily Property On Melrose Street In Bushwick For $1M
SOLDMultiFamily

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

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

Ryan Perkoski

Broker

$156.7M

vol

21 deals

Broker

Jeff Fox

Foxy Management

Seller

$5M

vol

2 deals

Seller

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