James Perse Acquires Mixed-Use Property In Bushwick For $1.1M
547 Knickerbocker Avenue, Brooklyn, New York 11221, United States
$1,095,000
$331/SF
Building Size
3,300 SF
Asset Type
Mixed-use
Closing
Feb 20, 2022
About this deal
AI
A mixed-use property located at 547 Knickerbocker Avenue in Bushwick has been sold for a price of $1,095,000. The property spans 3,300 square feet, resulting in a price per square foot of $331. The sale was completed on 02/21/2022.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $1,095,000
- Square Footage: 3,300
- Price per Square Foot: $331
- Address: 547 Knickerbocker Avenue
- Market: Bushwick
The buyer of the property was James Perse, while the seller was Karen Grill. The transaction was facilitated by Derek Bestreich, Steve Reynolds, Tom Reynolds, Brian Davila, and Sean Mashihi of Bestreich Realty Group (BRG).
Notably, the property was delivered vacant and is located in an Opportunity Zone.
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
14.49%
Cash-on-Cash
-4.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93