The Simko Family Acquires Multifamily Property On Wyckoff Avenue In Bushwick, Brooklyn For $1.4M
58 Wyckoff Ave Brooklyn, NY 11237, USA
$1,400,000
$533/SF
Building Size
2,625 SF
Asset Type
MultiFamily
Closing
Jul 19, 2023
AI
The multifamily property located at 58 Wyckoff Avenue in Bushwick, Brooklyn has recently been sold for a price of $1,400,000. The property consists of 4 units, with each unit having a price per unit of $350,000. The total square footage of the property is 2,625, resulting in a price per square foot of $533.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Address: 58 Wyckoff Avenue, Bushwick, Brooklyn
- Units: 4
- Price per unit: $350,000
- Square Footage: 2,625
- Price per square foot: $533
The buyer of the property is The Simko Family, while the seller is Eric Krantz. The deal was facilitated by brokers Shaun Riney and Michael Salvatico from Marcus & Millichap.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93