Benjamin Chapuzet Acquires Multifamily Property In Bushwick, Brooklyn For $1.3M
648 Chauncey Street, Brooklyn, New York 11207, United States
$1,300,000
$866/SF
Building Size
1,500 SF
Asset Type
MultiFamily
Closing
Feb 1, 2022
AI
The multifamily property located at 648 Chauncey St. in Bushwick, Brooklyn was recently sold for a price of $1,300,000. The property consists of 2 units with a total square footage of 1,500. The price per unit was $650,000 and the price per square foot was $866.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 648 Chauncey St.
- Market: Bushwick, Brooklyn
The buyer in this transaction was Benjamin Chapuzet, while the seller was Joseph Aghelian. The deal was facilitated by Sully Klein from Real Street.
Players
New York 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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93