Updated Sep 5, 2024
Investment Property Realty Group Acquires Renovated 2-Family In Bushwick, Brooklyn
70a Cooper Street
$2,100,000
$797/SF
Building Size
2,634 SF
Asset Type
MultiFamily
Closing
Nov 3, 2022
About this deal
AI
A multifamily property located at 70A Cooper St in Bushwick, Brooklyn has been sold for a price of $2,100,000. The property consists of 2 units with a total square footage of 2,634. The sale price per unit is $1,050,000, and the price per square foot is $797. The property has been renovated and is now a 2-family home.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Units: 2
- Price per Unit: $1,050,000
- Square Footage: 2,634
- Price per Square Foot: $797
The sale was facilitated by the brokers Derek Bestreich, Steve Reynolds, Tom Reynolds, Brian Davila, and Toby Waring from Investment Property Realty Group (IPRG).
Players
Market 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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93