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6 St Nicholas Ave, New York...

Cycamore Capital Acquires Multifamily Property In Brooklyn's Bushwick For $1.6M
SOLDMultiFamily

Cycamore Capital Acquires Multifamily Property In Brooklyn's Bushwick For $1.6M

6 St Nicholas Ave, New York, Ny 10026, Usa

$1,625,000

$500/SF

Building Size

3,250 SF

Asset Type

MultiFamily

Closing

Jul 30, 2019

AI

The multifamily property located at 6 St Nicholas Avenue in Brooklyn, Bushwick has been sold in a closed transaction. The property spans 3,250 square feet and was sold at a price of $1,625,000, resulting in a price per square foot of $500.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,625,000
  • Address: 6 St Nicholas Avenue, Brooklyn, Bushwick
  • Market: Brooklyn, Bushwick

The buyer of the property is Cycamore Capital, represented by Johnny Din and Jon Cypers. The seller of the property is Dennis Linehan and Serge Burack.

The transaction was facilitated by B6 Real Estate Advisors, with Bryan Kirk and DJ Johnston serving as the brokers.

Players

Bryan Kirk

Matthews

Broker

$113.8M

vol

24 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage
Johnny Din

Johnny Din

Cycamore Capital

Buyer

$35.9M

vol

16 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.76%

Cash-on-Cash

-2.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93