Townhouse Rental II, LLC Acquires Multifamily Property In Bushwick For $3.8M
441 Irving Avenue,Bushwick, Brooklyn,NY
$3,765,000
$825/SF
Building Size
4,560 SF
Asset Type
MultiFamily
Closing
Dec 30, 2022
AI
A multifamily property located at 441 Irving Avenue in Bushwick, Brooklyn has been sold for a total of $3,765,000. The property spans across 4,560 square feet, resulting in a price per square foot of $826. The transaction took place on November 30, 2022, and the buyer is Townhouse Rental II, LLC, while the seller is Natalia Harvey.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,765,000
- Address: 441 Irving Avenue, Bushwick, Brooklyn
- Market: Bushwick, Brooklyn
- Buyer: Townhouse Rental II, LLC
- Seller: Natalia Harvey
The deal was facilitated by brokers David Chang and Giovanni Castro. They represented their respective parties in the transaction, ensuring a smooth process for both the buyer and 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
4.21%
Cash-on-Cash
-1.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93