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
About this deal
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.
The mixed use sale at 684 Central Ave bushwick in New York, New York sold for $2.9M in 2022. The building is 5,280 square feet, implying about 539 per square foot on the published price. Remi Norris, Matthew (Matt) Cosentino, Michael Kalt, Alex Lebowitz appear on the sale alongside Terra CRG. This page is the New York, New York file for the 684 Central Ave bushwick mixed use sold: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else sold near 684 Central Ave bushwick around 2022. Published consideration for 684 Central Ave bushwick is $2.9M, dated 2022. Cite this Michael Kalt, Alex Lebowitz & Billy Haddad Acquire Mixed-Use Property In Bushwick For $2.85M sale when underwriting similar mixed use product around New York, New York.
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