Ansel Family Acquires Mixed-Use Property In Bushwick, Brooklyn For $1.2M
SOLD
$1,200,000
New York
See Similar DealsMixed-use2,200 SF
Sold 03/19/2024
SOLD
Ansel Family Acquires Mixed-Use Property In Bushwick, Brooklyn For $1.2M
609 Knickerbocker Avenue
See Similar DealsMixed-use2,200 SF
Sold 03/19/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$545
Total Square Footage:2,200 SF
Transaction Type:Sale
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:
- Property Type: Mixed-use
- Transaction Amount: $1,200,000
- Address: 609 Knickerbocker Avenue
- Market: Bushwick, Brooklyn
- Buyer: Ansel Family
- Seller: Diana Orlando
- Brokers: Nick Kolbus & Michael Kolbus - Cushman & Wakefield
- SF: 2,200
- PPSF: $545
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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