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Walter Black Acquires Mixed-Use Building From Noor Family In Brooklyn For $2 Million

Property Image
SOLD
$2,000,000

New York

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Mixed-use5,800 SF
Sold 11/14/2025
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Property Image
SOLD

Walter Black Acquires Mixed-Use Building From Noor Family In Brooklyn For $2 Million

1145 Bushwick Avenue

See Similar Deals
Mixed-use5,800 SF
Sold 11/14/2025
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$344
Total Square Footage:5,800 SF
Transaction Type:Sale

This transaction involved a corner mixed-use building located at 1145 Bushwick Avenue in Brooklyn. The asset consists of three units and a total square footage of 5,800. The sale price for the property was $2,000,000, resulting in a price per unit of $666,666 and a price per square foot of $344. The building was delivered vacant, allowing for significant renovation opportunities.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,000,000
  • Buyer: Walter Black
  • Seller: Noor Family
  • Broker: DJ Johnston - Matthews
  • Units: 3
  • Square Footage: 5,800
  • Price Per Unit: $666,666
  • Price Per Square Foot: $344

The transaction was facilitated by DJ Johnston of Matthews, who utilized a competitive bidding process among a deep roster of buyers, all within 5% of the asking price. This deal marks the 9th mixed-use building sold by the broker in the Bushwick neighborhood this year.

Players

DJ Johnston
102 deals$493.3M volume(914) 584-7422
BROKER

Matthews
BROKERAGE

Details

SOLD
IMAGE: DJ Johnston DATE: 11/14/2025 ADDRESS: 1145 Bushwick Avenue MARKET: Brooklyn ASSET TYPE: Mixed-use BUYER: Walter Black SELLER: Noor Family BROKER: DJ Johnston (@DJ.Johnston_Matthews) - Matthews (@Matthews_CRE) SALE PRICE: $2,000,000 UNITS: 3 ~ PPU: $666,666 SF: 5,800 ~ PPSF: $344 NOTE FROM BROKER: This was a corner mixed-use building in decent condition that was delivered vacant to make way for significant renovation. There was a deep roster of buyers, all within 5% of our asking price. We leveraged competition to select the buyer with the highest certainty of closing. This is the 9th mixed-use building we've sold in Bushwick this year. If you own or are looking to purchase similar product, please reach out to DJ at (914) 584-7422.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$106,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24