Victor Tawil paid $3M to Elliot Horowitz

Victor Tawil through the entity Everton Properties LLC paid Elliot Horowitz’s Dg 1131 Broadway LLC $2.7 million for 1 parcel, including the tax class primarily four family with store or office (S4) and containing 4 residential units at 1131 Broadway in Bushwick. The deal closed on July 10, 2019 and was recorded on July 26, 2019. The parcel(s) have total development potential of 4,920 square feet.
The average sale price per square foot is $545.
The estimated cap rate is 3.9%
The last time the property sold was July 14, 2016, for $1,400,000.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel. There were 2 renovation/alteration projects (A2) applied for with a total estimated value of $325,400.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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