Updated Oct 29, 2024
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
About this deal
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
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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