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251 Bushwick Ave, Brooklyn,...

Updated Oct 29, 2024

Samuel Wasserman Acquires Mixed Use Property On Bushwick Avenue In Brooklyn For $2.8M
SOLDMixed-use

Samuel Wasserman Acquires Mixed Use Property On Bushwick Avenue In Brooklyn For $2.8M

251 Bushwick Ave, Brooklyn, NY 11206, USA

Building Size

58,000 SF

Asset Type

Mixed-use

Closing

Jun 11, 2018

About this deal

AI

251 Bushwick Avenue, a mixed-use property located in Brooklyn, New York, was recently sold in a closed transaction. The property spans 5,800 square feet and includes six apartments and one store. The sale price for this asset was $2,800,000, resulting in a price per square foot of approximately $483.

Summary of transaction details:

  • Property Type: Mixed Use
  • Transaction Amount: $2,800,000
  • Address: 251 Bushwick Avenue
  • City: New York
  • Market: Brooklyn
  • Square Footage: 5,800 sf
  • Price per Square Foot: $483
  • Units: 6 Apartments & 1 Store

In this transaction, the seller, Rebecca Shoval of Greenbush LLC, sold the property to the buyer, Samuel Wasserman. The deal was facilitated by the brokerage firm Bestreich Realty Group, with Donal Flaherty representing the buyer.

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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