SOLDMixed-use
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
About this deal
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.
On the Map
$1,650,000
$386/SF
Mixed-use
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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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93