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12 Wilson Avenue, Brooklyn,...

Zach Ehrlich's Jemstone Group Acquires Mixed-Use Property In Bushwick For $2.1M
SOLDMixed-use

Zach Ehrlich's Jemstone Group Acquires Mixed-Use Property In Bushwick For $2.1M

12 Wilson Avenue, Brooklyn, NY 11237

$2,100,000

$509/SF

Building Size

4,126 SF

Asset Type

Mixed-use

Closing

Dec 27, 2021

AI

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.

Players

Daniel Barcelowsky

Evergreen Realty & Investments

Broker

$83.9M

vol

52 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93