Updated Dec 4, 2024
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
About this deal
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:
- Property Type: Multifamily
- Transaction Amount: $2,400,000
- Address: 590 Bushwick Avenue
- Market: Brooklyn
- Square Footage: 4,500
- Price Per Square Foot: $533
- Buyer: Miller Family
- Seller: Delshah Capital
- Broker Representatives: Lev Mavashev, Ben Normatov & Eli Yusupov - Alpha Realty
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.
On the Map
$2,400,000
$533/SF
MultiFamily
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Players
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