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428 Troutman Street, Bushwi...

Updated Feb 12, 2024

Charles Kaim Sells Mixed Use Property On Troutman Street In Bushwick For $9.4M
SOLDMixed-use

Charles Kaim Sells Mixed Use Property On Troutman Street In Bushwick For $9.4M

428 Troutman Street, Bushwick, Brooklyn, NY, USA

$9,400,000

$1,040/SF

Building Size

9,037 SF

Asset Type

Mixed-use

Closing

Nov 22, 2020

About this deal

AI

The mixed-use property located at 428 Troutman Street in Bushwick, was recently sold in a closed transaction on November 23, 2020. The property spans a total of 9,037 square feet, with a price per square foot of $1,040. The seller of the property was Charles Kaim, who successfully closed the deal for a total price of $9,400,000. The previous sale of the property took place in May 2011, with a sale price of $900,000.

Summary of transaction details

  • Property Type: Mixed Use
  • Transaction Amount: $9,400,000
  • Address: 428 Troutman Street
  • Market: Bushwick
  • Square Footage: 9,037
  • Price per Square Foot: $1,040
  • Last Sale: $900,000 (05/2011)

This successful transaction was facilitated by Charles Kaim, who represented the seller in the deal. With the sale of this mixed-use property, both the buyer and seller were able to achieve their respective goals in the Bushwick market.

Players

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $1K per square foot on a published $9.4M for 9,037 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.69%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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