Chaskel Landau Acquires Mixed-Use Property In Bushwick For $2.5M
SOLD
$2,500,000
New York
See Similar DealsMixed-use4,590 SF
Sold 05/06/2022
SOLD
Chaskel Landau Acquires Mixed-Use Property In Bushwick For $2.5M
383 Knickerbocker Avenue, Brooklyn, New York 11237, United States
See Similar DealsMixed-use4,590 SF
Sold 05/06/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$544
Total Square Footage:4,590 SF
Transaction Type:Sale
The mixed-use property located at 383 Knickerbocker Avenue in Bushwick has been sold for a total price of $2,500,000. The property consists of 2 units, resulting in a price per unit of $1,250,000. With a total area of 4,590 square feet, the price per square foot is estimated to be $544.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,500,000
- Address: 383 Knickerbocker Avenue
- Market: Bushwick
The buyer of the property is Chaskel Landau, while Roxanne Betesh is the seller. This transaction represents a significant investment in the Bushwick market, reflecting the potential of the area for mixed-use developments.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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