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173 Bleecker St, Brooklyn, ...

Miro Sutton & Elliot Tawil Acquire 173 Bleecker Street Mixed-Use Property In Bushwick For $3.3M
SOLDMixed-use

Miro Sutton & Elliot Tawil Acquire 173 Bleecker Street Mixed-Use Property In Bushwick For $3.3M

173 Bleecker St, Brooklyn, NY 11221, USA

$3,275,000

$408/SF

Building Size

8,010 SF

Asset Type

Mixed-use

Closing

Oct 31, 2019

AI

A mixed-use property located at 173 Bleecker Street in the Bushwick neighborhood of Brooklyn has been sold for a price of $3,275,000. The property measures 8,010 square feet, resulting in a price per square foot of $408. It consists of 7 units, with each unit being sold at an average price of $467,857.

Summary of transation details

  • Property Type: Mixed-use
  • Transaction Amount: $3,275,000
  • Address: 173 Bleecker Street
  • Market: Bushwick, Brooklyn

The buyer of the property is Miro Sutton and Elliot Tawil, represented by Montana Property Group. Meanwhile, the seller is Gilbert Cordero. The transaction was facilitated by Saiid Boukhalfa and Jonathan Cordorniu of Marcus Millichap.

Players

Jonathan Codorniu

Marcus & Millichap

Broker

$20.1M

vol

5 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

4.84%

Cash-on-Cash

-1.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93