Updated Dec 4, 2024
Estate Of Yvette Segarra Sells Multifamily Property In Bushwick For $1.65M
828 Hart Street
$1,650,000
$338/SF
Building Size
4,875 SF
Asset Type
MultiFamily
Closing
Apr 28, 2023
About this deal
AI
The multifamily property located at 828 Hart Street in Bushwick has been sold in a closed transaction. The sale price for the property was $1,650,000, with a total of 6 units. This translates to a price per unit of $275,000. The property spans across 4,875 square feet, resulting in a price per square foot of $338.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Address: 828 Hart Street
- Market: Bushwick
- Units: 6
- Price per Unit: $275,000
- Square Footage: 4,875
- Price per Square Foot: $338
The seller of the property was the Estate of Yvette Segarra. Handling the sale on behalf of the estate was Etan Hakimi, Esq. from Mitra Hakimi Realty Group. Etan Hakimi helped facilitate the transaction as part of an "Heir at Law" sale, allowing the heirs of the owner's estate to bypass the time and costs associated with obtaining Letters of Administration from the Surrogate's Court.
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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93