Michael Kalt, Alex Lebowitz & Billy Haddad Acquire Mixed-Use Property In Bushwick For $2.85M
684 Central Ave bushwick
$2,850,000
$539/SF
Building Size
5,280 SF
Asset Type
Mixed-use
Closing
Oct 3, 2022
AI
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.
Players
New York 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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93