MBH Acquisitions Acquires Multifamily Property In Bushwick For $2.15M

The multifamily property located at 822 Broadway in Bushwick, Brooklyn was recently sold in a closed transaction. The property consists of 4 units, with 1 retail unit and 4 residential units. The sale price for the property was $2,150,000, resulting in a price per square foot of $515. The property was sold at a 6% capitalization rate.

Summary of transaction details

• Property Type: Multifamily
• Sale Price: $2,150,000
• Price per Square Foot: $515
• Number of Units: 4 (1 Retail and 4 Resi)
• Capitalization Rate: 6%

The seller of the property was Moshe Simpson, while the buyer was MBH Acquisitions represented by Michael Betesh. The transaction was facilitated by brokers from Terracrg, including Matt Cosentino, Fred Bijou, Eric Satanovsky, and Damhi Shaw.