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950 Hart Street, Bushwick, ...

Aaron Wexler & Howard Hershkovich Acquires Multifamily Building In Bushwick For $3.75M
SOLDMultiFamily

Aaron Wexler & Howard Hershkovich Acquires Multifamily Building In Bushwick For $3.75M

950 Hart Street, Bushwick, Brooklyn, NY, USA

$3,750,000

$213/SF

Building Size

17,550 SF

Asset Type

MultiFamily

Closing

Feb 16, 2021

AI

An multifamily property located at 950 Hart Street in Bushwick has been sold. The property consists of 21 units, with each unit being sold at an average price of $178,571. The transaction took place on February 17, 2021, with the sale price of the property being $3,750,000. The buyer of the property is Aaron Wexler and Howard Hershkovich, while the seller is Red Sky Capital. The deal was facilitated by brokers Aaron Jungreis and Michael Guttman from RosewoodRG.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,750,000
  • Units: 21

Aaron Wexler and Howard Hershkovich were the buyers of the property, while Red Sky Capital acted as the seller. The transaction was handled by brokers Aaron Jungreis and Michael Guttman from RosewoodRG.

Players

Aaron Jungreis

Rosewood Realty Group

Broker

$4.4B

vol

207 deals

Broker

Howard Hershkovich

Buyer

$22.9M

vol

4 deals

Buyer
RC
Red Sky CapitalSeller

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

4.23%

Cash-on-Cash

-1.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93