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1104 Bushwick Avenue

Updated Sep 22, 2026

Henry Zheng Purchases Mixed-Use Building From Guttman Family For $985,000 In Brooklyn
SOLDMixed-use

Henry Zheng Purchases Mixed-Use Building From Guttman Family For $985,000 In Brooklyn

1104 Bushwick Avenue

$985,000

$246/SF

Building Size

4,000 SF

Asset Type

Mixed-use

Closing

Aug 31, 2026

About this deal

AI

1104 Bushwick Avenue is a corner mixed-use building located in Brooklyn, featuring one commercial unit and five residential units. The property was sold for $985,000, encompassing a total of 4,000 square feet, resulting in a price per unit of $197,000 and a price per square foot of $246. The building includes five rent stabilized apartments above a ground floor deli.

Summary of transaction details:

  • Property Type: Mixed-use (1 Commercial & 5 Residential)
  • Transaction Amount: $985,000
  • Buyer: Henry Zheng
  • Seller: Guttman Family
  • Brokers: DJ Johnston & Evan Kashanian - Matthews
  • Units: 6
  • Square Feet: 4,000
  • Price Per Unit: $197,000
  • Price Per Square Foot: $246
  • Cap Rate: 7.7%

During the transaction, DJ Johnston and Evan Kashanian represented the seller, Guttman Family. They successfully sourced an out-of-state buyer who acknowledged the value of the underlying real estate and the attractive basis despite challenges associated with rent regulation. The sale included estimated renovation costs in the purchaser's all-in basis.

On the Map

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$985,000

$246/SF

Mixed-use

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Players

DJ Johnston

Matthews

Broker

$509.5M

vol

108 deals

Broker

Henry Zheng

Buyer

$63.5M

vol

7 deals

Buyer
Guttman Family
Guttman FamilySeller
Bilt advertisement

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $246 per square foot on a published $985K for 4,000 square feet (2026).

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Browse Brooklyn mixed use sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

16.10%

Cash-on-Cash

-4.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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