Partners Path Capital Acquires Mixed-Use Asset On Bushwick Ave In Brooklyn For $3.25M
SOLD
$3,250,000
+ 3
New York
See Similar DealsMixed-use7,040 SF
Sold 06/29/2022
SOLD
Partners Path Capital Acquires Mixed-Use Asset On Bushwick Ave In Brooklyn For $3.25M
854 Bushwick Avenue, Brooklyn, New York 11221, United States
See Similar DealsMixed-use7,040 SF
Sold 06/29/2022
+ 3
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$461
Total Square Footage:7,040 SF
Transaction Type:Sale
A mixed-use property located at 854 Bushwick Ave in Bushwick, Brooklyn, was recently sold in a closed transaction. The property consists of 7,372 square feet and was sold for a price of $3,250,000, resulting in a price per square foot of $440.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,250,000
- Square Footage: 7,372
- Address: 854 Bushwick Ave
- Market: Bushwick, Brooklyn
The buyer of the property was Partners Path Capital, represented by Alex Lebowitz, William Haddad, and Michael Kalt. The seller was Deergrow Developments, represented by Eli Kranz. The sale was facilitated by brokers Matt Cosentino, Isaiah Thomas, and Rémi Norris from TerraCRG.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,546.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,406.66
Annual Debt Service$184,879.90
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