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590 Bushwick Avenue

Miller Family Acquires Multifamily Property In Brooklyn From Delshah Capital For $2.4M
SOLDMultiFamily

Miller Family Acquires Multifamily Property In Brooklyn From Delshah Capital For $2.4M

590 Bushwick Avenue

$2,400,000

$533/SF

Building Size

4,500 SF

Asset Type

MultiFamily

Closing

Aug 30, 2024

AI

The property involved in this transaction is a multifamily asset located at 590 Bushwick Avenue in Brooklyn. It was sold for a total price of $2,400,000 and encompasses a building size of 4,500 square feet. The price per square foot for the transaction amounted to $533.

Summary of transaction details:

Lev Mavashev, Ben Normatov, and Eli Yusupov from Alpha Realty represented the transaction, facilitating the sale between the buyer, the Miller Family, and the seller, Delshah Capital. Their roles were crucial in navigating the deal's complexities.

Players

Lev Mavashev

Alpha Realty

Broker

$742M

vol

106 deals

Broker

Brooklyn 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

6.61%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93