Fouad Elayyan Acquires Retail Property On Broadway, Bushwick, Brooklyn For $9M
1289 Broadway, Brooklyn, New York 11221, United States
$9,000,000
$559/SF
Building Size
16,084 SF
Asset Type
Retail
Closing
Sep 12, 2022
About this deal
AI
The retail property located at 1289 Broadway in Bushwick, Brooklyn has been sold for a total price of $9,000,000. The property spans 16,084 square feet, resulting in a price per square foot of $559.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $9,000,000
- Address: 1289 Broadway, Bushwick, Brooklyn
The buyer of the property is Fouad Elayyan, while the seller is Beth Schneiderman.
The retail sale at 1289 Broadway, Brooklyn, New York 11221, United States in New York, New York sold for $9M in 2022. The building is 16,084 square feet, implying about 559 per square foot on the published price. This page is the New York, New York file for the 1289 Broadway, Brooklyn, New York 11221, United States retail sold: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that New York retail set by closing date to see what else sold near 1289 Broadway, Brooklyn, New York 11221, United States around 2022. Published consideration for 1289 Broadway, Brooklyn, New York 11221, United States is $9M, dated 2022. Cite this Fouad Elayyan Acquires Retail Property On Broadway, Bushwick, Brooklyn For $9M sale when underwriting similar retail product around New York, New York.
Players
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Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93