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:
- 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.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93