TerraCRG Brokers $2.2M Multifamily Sale In Bushwick
SOLD
$2,243,000
New York
See Similar DealsMultiFamily3,000 SF
Sold 07/19/2022
SOLD
TerraCRG Brokers $2.2M Multifamily Sale In Bushwick
460 Harman Street
See Similar DealsMultiFamily3,000 SF
Sold 07/19/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$747
Total Square Footage:3,000 SF
Transaction Type:Sale
A multifamily property located at 460 Harman St. in Bushwick, Brooklyn has been sold for a price of $2,243,000. The property spans a total of 3,000 square feet, resulting in a price per square foot of $747. The transaction took place on July 19, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,243,000
- Address: 460 Harman St., Bushwick, Brooklyn
- Market: Bushwick, Brooklyn
- Buyer's Representative: Ari Harkov - BHS
- Seller's Representatives: Matt Cosentino & Isaiah Thomas - TerraCRG
The buyer's representative in this deal was Ari Harkov from BHS, while the seller was Andrew Eckstein. The seller's representatives were Matt Cosentino and Isaiah Thomas from TerraCRG.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$119,626.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,968.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,632.96
Annual Debt Service$127,595.57
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