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483 Hart Street

Updated Oct 29, 2024

 Sells Multifamily Property On Hart Street For $2.5M, Brokered By Eyal Bollag - Hillel Realty Group
SOLDMultiFamily

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

Eyal Bollag

Serhant

Broker

$2.5M

vol

1 deal

Broker

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $633 per square foot on a published $2.5M for 3,944 square feet (2023).

Visit Hillel Realty Group to view all their deals.

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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

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