Ahmed Assaidi Acquires Mixed-Use Property On Bushwick Avenue For $2.4M
SOLD
New York
See Similar DealsMixed-use4,250 SF
Sold
SOLD
Ahmed Assaidi Acquires Mixed-Use Property On Bushwick Avenue For $2.4M
1413 Bushwick Avenue
See Similar DealsMixed-use4,250 SF
Sold
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$570
Total Square Footage:4250 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$129,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,615.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,495.74
Annual Debt Service$137,948.85
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