Updated Dec 21, 2023
Carmen Morales Sells Multifamily Property In Bushwick For $1.15M
702 Evergreen Avenue, Bushwick, Brooklyn, NY 11207, USA
$1,150,000
$247/SF
Building Size
4,650 SF
Asset Type
MultiFamily
Closing
Aug 24, 2021
About this deal
AI
The multifamily property located at 702 Evergreen Ave. in Bushwick has been sold. The sale took place on 08/24/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Address: 702 Evergreen Ave.
- Market: Bushwick
- Seller: Carmen Morales
- Broker: Daniel Barcelowsky - EVRG
- Asking Price: $1,400,000
- Square Footage: 4,650
- Price per Square Foot: $247
Daniel Barcelowsky of EVRG represented the seller, Carmen Morales, in this transaction.
The multifamily sale at 702 Evergreen Avenue, Bushwick, Brooklyn, NY 11207, USA in New York, New York sold for $1.2M in 2021. The building is 4,650 square feet, implying about 247 per square foot on the published price. Daniel Barcelowsky, Evergreen Realty & Investments appear on the sale alongside Evergreen Realty & Investments. This page is the New York, New York file for the 702 Evergreen Avenue, Bushwick, Brooklyn, NY 11207, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 702 Evergreen Avenue, Bushwick, Brooklyn, NY 11207, USA around 2021. Published consideration for 702 Evergreen Avenue, Bushwick, Brooklyn, NY 11207, USA is $1.2M, dated 2021. Cite this Carmen Morales Sells Multifamily Property In Bushwick For $1.15M sale when underwriting similar multifamily product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93