Israel Goldstein Acquires Mixed-Use Property On Irving Avenue For $2.18M
219 Irving Ave, Brooklyn, NY 11237, USA
$2,180,000
$40/SF
Building Size
54,000 SF
Asset Type
Mixed-use
Closing
Jan 6, 2020
About this deal
AI
Located at 219 Irving Avenue in Bushwick, the mixed-use property was sold for a price of $2,180,000. Spanning a total area of 5,400 square feet, the property offers a variety of uses including 1 retail unit, 5 residential units, and 4 garages. The sale price per square foot was $501, and the transaction included a purchase price unit of $218,000.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,180,000
- Address: 219 Irving Avenue
- Market: Bushwick
- Square Footage: 5,400
- Price Per Square Foot: $501
- Units: 1 Retail; 5 Residential; 4 Garages
- Purchase Price Unit: $218,000
The sellers of the property were Gil Nye and Jay Yoo, while the buyer was Israel Goldstein. The transaction was facilitated by brokers from @TerraCRG, specifically Matt Cosentino, Fred Bijou, and Eddie Laboz.
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
7.28%
Cash-on-Cash
-2.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93