Joel Illivots Acquires Mixed-Use Property In Bushwick For $5.05M
1191 Broadway, Bushwick, Brooklyn, NY, USA
$5,050,000
$433/SF
Building Size
11,656 SF
Asset Type
Mixed-use
Closing
Oct 28, 2021
AI
A mixed-use property located at 1191 Broadway in Bushwick has been sold. The property spans a total area of 11,656 square feet and was sold for a price of $5,050,000. The sale price equates to a per square foot price of $433.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,050,000
- Address: 1191 Broadway, Bushwick
Joel Illivots has purchased the property from Deergrow Developments, represented by Eli Kranz. The transaction was facilitated by broker Moshe Sanders.
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
3.14%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93