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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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