Mike Pitman Acquires Mixed-Use Property On Wilson Ave, Bushwick For $2.15M

Mike Pitman has completed the purchase of a mixed-use property located at 644 Wilson Ave in Bushwick. The property was sold by David Shorenstein for a sale price of $2,150,000, slightly below the asking price of $2,200,000. The property spans 4,125 square feet, resulting in a price per square foot of $521. It consists of six units, with each unit valued at approximately $358,333.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $2,150,000
• Market: Bushwick
• Seller: David Shorenstein
• Buyer: Mike Pitman
• Brokers: EVRG Realty (Evergreen Realty & Investments), Fred Bijou & Matt Cosentino - Terra FRG
• Asking Price: $2,200,000
• Square Footage: 4,125
• Price per Square Foot: $521
• Units: 6
• Price per Unit: $358,333

The deal was facilitated by EVRG Realty, represented by brokers Fred Bijou and Matt Cosentino from Terra FRG. Mike Pitman was able to negotiate a slightly lower sale price, acquiring the property at a favorable value. The transaction signifies a successful investment for Pitman in the Bushwick market.