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

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.