Investment Property Realty Group Acquires Renovated 2-Family Multifamily In Bushwick, Brooklyn For $2.1M
89 Moffat St, Brooklyn, NY 11207, USA
$1,050,000
$24/SF
Building Size
42,400 SF
Asset Type
MultiFamily
Closing
Nov 20, 2019
AI
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).
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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93