Updated Sep 5, 2024
Remy Raisner Acquires Multifamily Property On Bushwick Avenue In Brooklyn
829 Bushwick Avenue, Brooklyn, New York 11221, United States
$1,999,999
$400/SF
Building Size
5,000 SF
Asset Type
MultiFamily
Closing
Feb 8, 2022
About this deal
AI
The multifamily property located at 829 Bushwick Avenue in Bushwick, Brooklyn, was recently sold for a price of $1,999,999. The property spans a total of 5,000 square feet, resulting in a price per square foot of $399.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,999,999
- Address: 829 Bushwick Avenue, Bushwick, Brooklyn
- Market: Bushwick, Brooklyn
The buyer of the property was Remy Raisner. The sale was facilitated by Dan O'Brien, Caroline Hodes, Rob Shapiro, and Ian Brooks of Cushman & Wakefield.
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93