Updated Oct 29, 2024
Sells Multifamily Property On Hart Street For $2.5M, Brokered By Eyal Bollag - Hillel Realty Group
483 Hart Street
$2,500,000
$633/SF
Building Size
3,944 SF
Asset Type
MultiFamily
Closing
Feb 10, 2023
About this deal
AI
The most expensive two-family property ever sold in Bushwick has recently closed in a transaction handled by Eyal Bollag from Hillel Realty Group. The property, located at 483 Hart Street in New York City, was sold by for a total price of $2,500,000. With a total of 2 units, the price per unit equates to $1,250,000. The property spans a total area of 3,944 square feet, resulting in a price per square foot of $634.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Address: 483 Hart Street, New York City
- Market: New York City
- Seller:
- Broker: Eyal Bollag - Hillel Realty Group
- Units: 2
- Price per Unit: $1,250,000
- Total Square Footage: 3,944
- Price per Square Foot: $634
This landmark transaction, representing the pinnacle of residential property sales in Bushwick, highlights the flourishing real estate market in the area. With its prime location and impeccable features, this property stands as a testament to the value and potential of the neighborhood's multifamily properties.
Players
Market 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93