Updated Dec 21, 2023
Ari Harkov - BHS Acquires Multifamily Property In Bushwick For $4.05M
431 Wilson Avenue, Bushwick, Brooklyn, NY, USA
$4,050,000
$736/SF
Building Size
5,500 SF
Asset Type
MultiFamily
Closing
May 13, 2021
About this deal
AI
A multifamily property located at 431 Wilson Avenue in Bushwick was sold on May 14, 2021. The property spans 5,500 square feet and was sold at a price of $4,050,000, resulting in a price per square foot of $736.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,050,000
- Market: Bushwick
- Buyer's Representative: Ari Harkov - BHS
- Seller's Representative: Brandon Polakoff - Avison Young
Ari Harkov from BHS represented the buyer in this transaction, while Brandon Polakoff from Avison Young represented the seller.
Players
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
3.92%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93