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609 Knickerbocker Avenue

Ansel Family Acquires Mixed-Use Property In Bushwick, Brooklyn For $1.2M
SOLDMixed-use

Ansel Family Acquires Mixed-Use Property In Bushwick, Brooklyn For $1.2M

609 Knickerbocker Avenue

$1,200,000

$545/SF

Building Size

2,200 SF

Asset Type

Mixed-use

Closing

Mar 19, 2024

AI

The mixed-use property located at 609 Knickerbocker Avenue in Bushwick, Brooklyn was successfully sold for $1,200,000. Spanning 2,200 square feet, the property was acquired at a price per square foot of $545.

Summary of transaction details:

Nick Kolbus and Michael Kolbus from Cushman & Wakefield facilitated the transaction as the brokers representing the buyer and the seller, Ansel Family and Diana Orlando, respectively.

Players

Michael Kolbus

RE/MAX Commercial

Broker

$30.1M

vol

11 deals

Broker

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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93