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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Deal FAQ
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