Abraham Silberstein Acquires Mixed Use Property In Bushwick, Brooklyn
469 Central Ave, Brooklyn, NY 11221, USA
$1,950,000
$426/SF
Building Size
4,575 SF
Asset Type
Mixed-use
Closing
Nov 29, 2020
AI
The mixed-use property located at 469 Central Avenue in Bushwick, Brooklyn has been sold in a closed transaction. The property consists of 6 units, including 1 retail space and 5 residential units. The transaction involved a sale price of $1,950,000, with a price per square foot of $404. The total square footage of the property is 4,575, making the price per unit $325,000.
Summary of transaction details:
- Property Type: Mixed Use
- Sale Price: $1,950,000
- Price per Square Foot: $404
- Address: 469 Central Avenue, Bushwick, Brooklyn
- Market: Bushwick, Brooklyn
- Units: 6 Units – 1 Retail, 5 Residential
- Price per Unit: $325,000
The seller of the property was David Shorenstein, while the buyer was Abraham Silberstein. The transaction was facilitated by brokers Peter Von Der Ahe and Shaun Riney.
Players
New York 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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93