Updated Oct 29, 2024
Chiling Chen Acquires Free Market Building In Bushwick For $1.78M
1005 Broadway, Brooklyn, NY 11221, USA
$1,780,000
$539/SF
Building Size
3,300 SF
Asset Type
Industrial
Closing
Jul 23, 2019
About this deal
AI
The property at 1005 Broadway in Bushwick, Brooklyn has been sold for $1,780,000. The building spans 3,300 square feet, resulting in a price per square foot of $539. The buyer in this transaction is Chiling Chen, while the seller is Silvershore. The deal was facilitated by Daniel Barcelowsky of EVRG Realty acting as the broker.
Summary of transaction details
- Property Type: Commercial Building
- Transaction Amount: $1,780,000
- Address: 1005 Broadway, Bushwick, Brooklyn
- Market: Bushwick, Brooklyn
- Square Footage: 3,300
- Price per Square Foot: $539
- Buyer: Chiling Chen
- Seller: Silvershore
- Broker: Daniel Barcelowsky – EVRG Realty
This transaction involved the sale of a free market building measuring 20×55. The deal was successfully concluded with the assistance of Daniel Barcelowsky from EVRG Realty.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.91%
Cash-on-Cash
-2.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93