IMAGE: Matthew Peters & Jordan Fessler
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
UNITS: 8 ~ PPU: $212,500
SF: 3,200 ~ PPSF: $531
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:
📱 (718) 475-4391
📱 (718) 475 4395