1106 Bushwick Avenue

  • $ 1,700,000
1106 Bushwick Ave, Bushwick, Brooklyn, NY, USA
Closed Deal Sold

1106 Bushwick Avenue

1106 Bushwick Ave, Bushwick, Brooklyn, NY, USA
  • $ 1,700,000

Overview

  • Units
  • Multi Family
  • Property Type

Description

SALE
IMAGE: Matthew Peters & Jordan Fessler
DATE: 02/18/2021
ADDRESS: 1106 Bushwick Ave.
MARKET: Bushwick, Brooklyn
ASSET TYPE: Multifamily ~ ZONING: R6

BUYER: Moshe Silberstein
SELLER: Lenny Wiggins
BROKERS: Matthew Peters & Jordan Fessler @Peters_Team_RE @MarcusMillichap_NY
COUNSEL: @SiminouLaw

PRICE: $1,700,000
UNITS: 8 ~ PPU: $212,500
SF: 3,200 ~ PPSF: $531
CAP: 6.06%

NOTE FROM @Peters_Team_RE: The Peters Team at Marcus & Millichap is proud to announce the closing of 1106 Bushwick Avenue. This building was originally configured as a mixed-use, 2 over 1 that the ownership converted to an 8 unit residential building back in the 1980s. The property offers a mix of 6, 1-bedroom units and 2, Studio apartments. Throughout the COVID-19 pandemic, investors have found that smaller units are more attractive to renters. Because of this, we were able to generate over 15 written offers in the first 30 days of marketing, allowing us to hit a local price record at $531 per square foot.
—-
If you have any questions, looking for similar deals, or are just curious to what your options are in the real estate market, please reach out to:

👤Matthew Peters
📧 matthew.peters@marcusmillichap.com
📱 (718) 475-4391
📸 @MPeters_CRE
&
👤Jordan Fessler
📧 jordan.fessler@marcusmillichap.com
📱 (718) 475 4395
📸 @Fessler_RE

  • Address 1106 Bushwick Ave, Bushwick, Brooklyn, NY, USA
  • City New York
  • State/county New York
  • Zip/Postal Code 11221
  • Area Bushwick
  • Country United States

Details

Updated on March 5, 2021 at 11:50 am
  • Price: $ 1,700,000
  • Property Type: Multi Family
  • Property Status: Closed Deal, Sold

Additional details

  • Zoning: R6
  • Cap: 6.06%
  • Note From @Peters_Team_RE:: The Peters Team at Marcus & Millichap is proud to announce the closing of 1106 Bushwick Avenue. This building was originally configured as a mixed-use, 2 over 1 that the ownership converted to an 8 unit residential building back in the 1980s. The property offers a mix of 6, 1-bedroom units and 2, Studio apartments. Throughout the COVID-19 pandemic, investors have found that smaller units are more attractive to renters. Because of this, we were able to generate over 15 written offers in the first 30 days of marketing, allowing us to hit a local price record at $531 per square foot. ---- If you have any questions, looking for similar deals, or are just curious to what your options are in the real estate market, please reach out to: 👤Matthew Peters 📧 matthew.peters@marcusmillichap.com 📱 (718) 475-4391 📸 @MPeters_CRE & 👤Jordan Fessler 📧 jordan.fessler@marcusmillichap.com 📱 (718) 475 4395 📸 @Fessler_RE

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