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684 Central Ave bushwick

Michael Kalt, Alex Lebowitz & Billy Haddad Acquire Mixed-Use Property In Bushwick For $2.85M
SOLDMixed-use

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

Matthew Cosentino

Terra CRG

Broker

$319M

vol

81 deals

Broker
Michael Kalt

Michael Kalt

Partners Path

Buyer

$14.1M

vol

4 deals

Buyer

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