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
About this deal
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.
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