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Mike Pitman Acquires Mixed-Use Property On Wilson Ave, Bushwick For $2.15M

Property Image
SOLD
$2,150,000
Fred Bijou
David Shorenstein
+ 1

New York

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Mixed-use4,125 SF
Sold 09/25/2019
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Property Image
SOLD

Mike Pitman Acquires Mixed-Use Property On Wilson Ave, Bushwick For $2.15M

644 Wilson Ave, Brooklyn, NY 11207, USA

See Similar Deals
Mixed-use4,125 SF
Sold 09/25/2019
Fred Bijou
David Shorenstein
+ 1
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$521
Total Square Footage:4,125 SF
Transaction Type:Sale

Mike Pitman has completed the purchase of a mixed-use property located at 644 Wilson Ave in Bushwick. The property was sold by David Shorenstein for a sale price of $2,150,000, slightly below the asking price of $2,200,000. The property spans 4,125 square feet, resulting in a price per square foot of $521. It consists of six units, with each unit valued at approximately $358,333.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $2,150,000
  • Market: Bushwick
  • Seller: David Shorenstein
  • Buyer: Mike Pitman
  • Brokers: EVRG Realty (Evergreen Realty & Investments), Fred Bijou & Matt Cosentino - Terra FRG
  • Asking Price: $2,200,000
  • Square Footage: 4,125
  • Price per Square Foot: $521
  • Units: 6
  • Price per Unit: $358,333

The deal was facilitated by EVRG Realty, represented by brokers Fred Bijou and Matt Cosentino from Terra FRG. Mike Pitman was able to negotiate a slightly lower sale price, acquiring the property at a favorable value. The transaction signifies a successful investment for Pitman in the Bushwick market.

Players

David Shorenstein
60 deals$187.3M volume
BROKER

David Shorenstein
60 deals$187.3M volume
BROKER

David Shorenstein
60 deals$187.3M volume
BROKER

Fred Bijou
Bijou Equities
33 deals$107.3M volume(917) 626-8413
BROKER

Matthew (Matt) Cosentino
Terra CRG
81 deals$319M volume
BROKER

Details

SOLD
IMAGE: Mike Pitman, David Shorenstein & Daniel Barcelowsky DATE: 09/25/2019 ADDRESS: 644 Wilson Ave MARKET: Bushwick ASSET TYPE: Mixed-use SELLER: David Shorenstein BUYER: Mike Pitman BROKERS: EVRG Realty (Evergreen Realty & Investments), Fred Bijou & Matt Cosentino – Terra FRG ASKING PRICE: $2,200,000 SALE PRICE: $2,150,000 SF: 4,125 PPSF: $521 UNITS: 6 PPU: $358,333

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