Investment Property Realty Group Acquires Renovated 2-Family Multifamily In Bushwick, Brooklyn For $2.1M
SOLD
$1,050,000
New York
See Similar DealsMultiFamily42,400 SF
Sold 11/21/2019
SOLD
Investment Property Realty Group Acquires Renovated 2-Family Multifamily In Bushwick, Brooklyn For $2.1M
89 Moffat St, Brooklyn, NY 11207, USA
See Similar DealsMultiFamily42,400 SF
Sold 11/21/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$24
Total Square Footage:42,400 SF
Transaction Type:Sale
A multifamily property located at 70A Cooper St in Bushwick, Brooklyn was recently 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 was $1,050,000, and the price per square foot was $797.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Address: 70A Cooper St, Bushwick, Brooklyn
- Units: 2
- Price per Unit: $1,050,000
- Total Square Footage: 2,634
- Price per Square Foot: $797
The sale of this renovated 2-family property was facilitated by Derek Bestreich, Steve Reynolds, Tom Reynolds, Brian Davila, and Toby Waring from Investment Property Realty Group (IPRG).
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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