Churches United For Fair Housing Acquires Retail Property On Starr Street For $6.5M
278 Starr Street
$6,500,000
$481/SF
Building Size
13,500 SF
Asset Type
Retail
Closing
Jan 26, 2024
AI
The retail property located at 278 Starr Street in Bushwick, Brooklyn has been sold for a total price of $6,500,000. Spanning across 13,500 square feet, the property was sold at a price per square foot of $481.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,500,000
- Square Footage: 13,500
- Price per Square Foot: $481
- Address: 278 Starr Street, Bushwick, Brooklyn
- Market: Bushwick, Brooklyn
The buyer of the property is Churches United For Fair Housing, while the seller is Solomon Schiff. The transaction was facilitated by brokers Harrison Balisky, Ben Carlos Thypin, and Stephen Smith of Quantierra.
Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93