Richard Pagus Acquires Mixed-Use Property At 413 Bushwick Avenue In East Williamsburg
413 Bushwick Avenue
$2,200,026
$488/SF
Building Size
4,500 SF
Asset Type
Mixed-use
Closing
Dec 19, 2023
AI
The property involved in this closed transaction is a mixed-use asset located at 413 Bushwick Avenue in East Williamsburg. The property spans 4,500 square feet and was sold for a price of $2,200,026, resulting in a price per square foot of $489. The transaction took place between the buyer, Richard Pagus, and the seller, Phillip Miller.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,200,026
- Address: 413 Bushwick Avenue
- Market: East Williamsburg
- Buyer: Richard Pagus
- Seller: Phillip Miller
- Buyer's Representative: Eli Shayestepour - Rosewood Realty Group
- Seller's Representative: Joshua Malekan - Venture Capital Properties
- Square Footage: 4,500
- Price per Square Foot: $489
This off-market deal was successfully closed within 30 days from the initial walkthrough. For any inquiries regarding similar properties for sale, purchase, or evaluation, please reach out to the respective representatives:
- Joshua Malekan: (516) 761-4777, Email: [email protected]
- Eli Shayestehpour: (516) 967-0490, Email: [email protected]
Players
Brooklyn 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93