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
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