Updated Dec 20, 2023
Stephen Ng Acquires Multifamily Property In Bushwick For $1.35M With Bestreich Realty Group
475 Suydam Street, Bushwick, Brooklyn, NY, USA
$1,350,000
$432/SF
Building Size
3,120 SF
Asset Type
MultiFamily
Closing
Dec 2, 2020
About this deal
AI
A multifamily property located at 475 Suydam Street in Bushwick was recently sold for $1,350,000. The property spans 3,120 square feet and has a price per square foot of $432. It consists of four units, with each unit valued at approximately $337,000. The transaction took place on December 3, 2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Address: 475 Suydam Street
- Market: Bushwick
- Zoning: R4
The buyer of the property was Stephen Ng, while Brendan Klinger served as the seller. The deal was facilitated by Derek Bestreich, Steve Reynolds, Tom Reynolds, and Brian Davila from Bestreich Realty Group.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Tom Reynolds to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93