Aaron Wexler & Howard Hershkovich Acquires Multifamily Building In Bushwick For $3.75M
SOLD
$3,750,000
New York
See Similar DealsMultiFamily17,550 SF
Sold 02/17/2021
SOLD
Aaron Wexler & Howard Hershkovich Acquires Multifamily Building In Bushwick For $3.75M
950 Hart Street, Bushwick, Brooklyn, NY, USA
See Similar DealsMultiFamily17,550 SF
Sold 02/17/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$213
Total Square Footage:17,550 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$199,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,322.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,776.91
Annual Debt Service$213,322.96
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