Townhouse Rental II, LLC Acquires Multifamily Property In Bushwick For $3.8M
SOLD
$3,765,000
New York
See Similar DealsMultiFamily4,560 SF
Sold 12/30/2022
SOLD
Townhouse Rental II, LLC Acquires Multifamily Property In Bushwick For $3.8M
441 Irving Avenue,Bushwick, Brooklyn,NY
See Similar DealsMultiFamily4,560 SF
Sold 12/30/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$825
Total Square Footage:4,560 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$200,800.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,376.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,848.02
Annual Debt Service$214,176.25
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