Ash Cap Management Acquires Mixed-Use Property In Bushwick For $1.65M
296 Troutman Street
$1,650,000
$386/SF
Building Size
4,275 SF
Asset Type
Mixed-use
Closing
Oct 14, 2022
AI
The mixed-use property located at 296 Troutman Street in Bushwick has been sold in a recent transaction. The property spans 4,275 square feet and sold for a price of $1,650,000, resulting in a price per square foot of $386.
Summary of transaction details:
- Property Type: Mixed Use
- Transaction Amount: $1,650,000
- Square Footage: 4,275
- Address: 296 Troutman Street
- Market: Bushwick
The buyer of the property was Ash Cap Management, represented by Alon Ashourzadeh. On the other side, Jesse Jones acted as the seller in this transaction.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93