Ahmed Assaidi Acquires Mixed-Use Property On Bushwick Avenue For $2.4M
1413 Bushwick Avenue
$2,425,000
$570/SF
Building Size
4,250 SF
Asset Type
Mixed-use
Closing
Nov 21, 2023
AI
The mixed-use property located at 1413 Bushwick Avenue in Bushwick, Brooklyn has been sold in a closed transaction. The property consists of 4,250 square feet and was sold for a price of $2,425,000, resulting in a price per square foot of $571.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,425,000
- Address: 1413 Bushwick Avenue, Bushwick, Brooklyn
- Market: Bushwick, Brooklyn
- Buyer: Ahmed Assaidi
- Seller: Francisco Family
- Buyer's Representative: Erik Rodriguez - Rodriguez Commercial Realty
- Seller's Representatives: Peter Nowik & Marek Sobolewski - Trademarko Realty Inc
- Square Footage: 4,250
- Price per Square Foot: $571
The buyer, Ahmed Assaidi, acquired the property from the Francisco Family. Erik Rodriguez from Rodriguez Commercial Realty represented the buyer, while the seller was represented by Peter Nowik and Marek Sobolewski from Trademarko Realty Inc.
Players
Brooklyn 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
6.54%
Cash-on-Cash
-1.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93