Chaskel Landau Acquires Mixed-Use Property In Bushwick For $2.5M
383 Knickerbocker Avenue, Brooklyn, New York 11237, United States
$2,500,000
$544/SF
Building Size
4,590 SF
Asset Type
Mixed-use
Closing
May 5, 2022
About this deal
AI
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.
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93