Updated Sep 5, 2024
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
About this deal
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…
Deal FAQ
Visit Michael (Mike) Salvatico 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93