Closed 9/26/2019

Free-Market, Mixed-Use Corner Building In Bushwick

644 Wilson Avenue

Bushwick

Closed 9/26/2019 at
$2,150,000 | 521 per SF

Size 4,350 SF
Cross Streets Cooper + Moffat Street
Residential Units 5
Retail Space 1
Subways
l
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Mixed-Use 644 Wilson Avenue, Bushwick
Brian Edwards
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Details

NOI $119,850
Cap rate 5.1%

Overview


  • Free market corner building

  • 5 gut-renovated residential units

  • One retail unit - lease expiring this year

  • $540/SF for renovated building

  • $119,850 NOI

  • 5.1% in-place cap rate with easy path to 6% cap

  • Across the street from Wilson Avenue L subway station

Property Highlights

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