facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Sale

/

278 Starr Street

Churches United For Fair Housing Acquires Retail Property On Starr Street For $6.5M
SOLDRetail

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

Ben Carlos Thypin

Quantierra

Broker

$199.2M

vol

12 deals

Broker

Brooklyn Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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