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828 Hart Street

Updated Dec 4, 2024

Estate Of Yvette Segarra Sells Multifamily Property In Bushwick For $1.65M
SOLDMultiFamily

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.

Players

Etan Hakimi

Mitra Hakimi Realty Group

Broker

$15M

vol

8 deals

Broker

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $338 per square foot on a published $1.7M for 4,875 square feet (2023).

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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

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