Michael Kalt, Alex Lebowitz & Billy Haddad Acquire Mixed-Use Property In Bushwick For $2.85M
SOLD
$2,850,000
+ 2
New York
See Similar DealsMixed-use5,280 SF
Sold 10/03/2022
SOLD
Michael Kalt, Alex Lebowitz & Billy Haddad Acquire Mixed-Use Property In Bushwick For $2.85M
684 Central Ave bushwick
See Similar DealsMixed-use5,280 SF
Sold 10/03/2022
+ 2
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$539
Total Square Footage:5,280 SF
Transaction Type:Sale
A mixed-use property located at 684 Central Ave in the Bushwick market has been sold for a total price of $2,850,000. The property spans 5,280 square feet and was sold at a rate of $540 per square foot.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $2,850,000
- Address: 684 Central Ave
- Market: Bushwick
Michael Kalt, Alex Lebowitz, and Billy Haddad have purchased the property. The deal was facilitated by Matt Cosentino and Remi Norris from TerraCRG.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$151,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,125.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,510.45
Annual Debt Service$162,125.45
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