facebook
Traded Co logo
Submit

Bestreich Realty Group Sells Mixed-Use Property In Bushwick For $6.25M With Ari Harkov - Brown Harris Stevens

Property Image
SOLD
$6,250,000
Tom Reynolds
Steve Reynolds
+ 4

New York

See Similar Deals
Mixed-use6,240 SF
Sold 01/18/2022
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
Mixed-use6,240 SF
Sold 01/18/2022
Tom Reynolds
Steve Reynolds
+ 4
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,001
Total Square Footage:6,240 SF
Transaction Type:Sale

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

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).

Players

Brian Davila
108 deals$283.4M volume(718) 360-8849
BROKER

Derek Bestreich
Investment Property Realty Group (IPRG)
312 deals$1.1B volume(718) 360-8802
BROKER

Luke Sproviero
Investment Property Realty Group (IPRG)
222 deals$848.7M volume
BROKER

Tom Reynolds
Investment Property Realty Group (IPRG)
98 deals$292.3M volume(718) 360-8817
BROKER

Steve Reynolds
Investment Property Realty Group (IPRG)
133 deals$364.4M volume(718) 360-8807
BROKER

Ari Harkov
Brown Harris Stevens
86 deals$429.1M volume(212) 381-4246
BROKER

Sean Mashihi
Block Real Estate Group
46 deals$123.2M volume(917) 999-6616
BROKER

Details

SOLD
IMAGE: Derek Bestreich, Steve Reynolds, Luke Sproviero & Ari Harkov DATE: 01/18/2022 ADDRESS: 12 Belvedere Street MARKET: Bushwick ASSET TYPE: Mixed-use BUYER’S REP: Ari Harkov (@AriHarkov) (@HarkovLewisTeam) - Brown Harris Stevens SELLER’S REP: Derek Bestreich, Steve Reynolds (@SJRey09), Luke Sproviero (@DaLucien), Tom Reynolds, Brian Davila & Sean Mashihi - (BRG) Bestreich Realty Group (@BRG_CRE) SALE PRICE: $6,250,000 SF: 6,240 ~ PPSF: $1,001

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$333,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,204.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,628.19
Annual Debt Service$355,538.26