Zach Ehrlich's Jemstone Group Acquires Mixed-Use Property In Bushwick For $2.1M
SOLD
$2,100,000
New York
See Similar DealsMixed-use4,126 SF
Sold 12/27/2021
SOLD
Zach Ehrlich's Jemstone Group Acquires Mixed-Use Property In Bushwick For $2.1M
12 Wilson Avenue, Brooklyn, NY 11237
See Similar DealsMixed-use4,126 SF
Sold 12/27/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$509
Total Square Footage:4,126 SF
Transaction Type:Sale
Located in Bushwick, Brooklyn, the mixed-use property at 12 Wilson Ave recently changed hands in a closed transaction. The property is situated in a M1-1 zoned area, adding to its versatility.
Summary of Transaction Details
- Property Type: Mixed-use
- Transaction Amount: $2,100,000
- Address: 12 Wilson Ave
- Market: Bushwick, Brooklyn
- Square Footage: 4,126 SF
- Price per Square Foot: $508
The deal was facilitated by Zach Ehrlich from The Jemstone Group, Joe Jemal, and Joel Gorjian from Gorjian Acquisitions. They were represented by Daniel Barcelowsky and David Soria of EVRG.
With its prime location and versatile zoning, the property at 12 Wilson Ave presents attractive investment potential for the buyers. Both the buyers and brokers involved in the deal have shown their expertise in navigating successful transactions in the real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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