Ryan Perkoski Acquires Multifamily Property On Melrose Street In Bushwick For $1M
SOLD
$1,000,000
New York
See Similar DealsMultiFamily6,500 SF
Sold 07/22/2021
SOLD
Ryan Perkoski Acquires Multifamily Property On Melrose Street In Bushwick For $1M
416 Melrose Street, Bushwick, Brooklyn, NY, USA
See Similar DealsMultiFamily6,500 SF
Sold 07/22/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$153
Total Square Footage:6,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12
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