Bestreich Realty Group Sells Mixed-Use Property In Bushwick For $6.25M With Ari Harkov - Brown Harris Stevens
12 Belvidere Street, Brooklyn, New York 11206, United States
$6,250,000
$1,001/SF
Building Size
6,240 SF
Asset Type
Mixed-use
Closing
Jan 18, 2022
About this deal
AI
The mixed-use property located at 12 Belvedere Street in Bushwick has been sold for a total price of $6,250,000. The property spans 6,240 square feet, resulting in a price per square foot of $1,001. The sale took place on January 18, 2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $6,250,000
- Address: 12 Belvedere Street
- Market: Bushwick
- Buyer's Representative: Ari Harkov - Brown Harris Stevens
- Seller's Representatives: Derek Bestreich, Steve Reynolds, Luke Sproviero, Tom Reynolds, Brian Davila, and Sean Mashihi - Bestreich Realty Group (BRG)
- Total Square Footage: 6,240
- Price per Square Foot: $1,001
The deal involved several key individuals and companies. Ari Harkov, representing the buyer, worked for Brown Harris Stevens. On the other hand, Derek Bestreich, Steve Reynolds, Luke Sproviero, Tom Reynolds, Brian Davila, and Sean Mashihi served as the seller's representatives from Bestreich Realty Group (BRG).
On the Map
$6,250,000
$1,001/SF
Mixed-use
View full map
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Sean Mashihi to view all their deals.
Browse New York mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93