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
About this deal
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.
The mixed use sale at 1191 Broadway, Bushwick, Brooklyn, NY, USA in New York, New York sold for $5.1M in 2021. The building is 11,656 square feet, implying about 433 per square foot on the published price. Named participants on the 1191 Broadway, Bushwick, Brooklyn, NY, USA sale are Moshe Sander, Eli Kranz. This page is the New York, New York file for the 1191 Broadway, Bushwick, Brooklyn, NY, USA 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 1191 Broadway, Bushwick, Brooklyn, NY, USA around 2021. Published consideration for 1191 Broadway, Bushwick, Brooklyn, NY, USA is $5.1M, dated 2021. Cite this Joel Illivots Acquires Mixed-Use Property In Bushwick For $5.05M 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
3.14%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93