Cycamore Capital Acquires Multi-Family Property On Skillman Avenue In Brooklyn For $2.55M
62 Skillman Ave, Brooklyn, NY 11211, USA
$2,550,000
Building Size
—
Asset Type
—
Closing
Feb 26, 2018
About this deal
AI
Located at 62 Skillman Avenue in Brooklyn, New York, this multi-family property was recently sold for $2,550,000. Spanning across 4,500 square feet, the property offers ample space for its residents. With a price per square foot of $567, it presents an attractive investment opportunity.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $2,550,000
- Address: 62 Skillman Avenue, Brooklyn, New York
- Market: Brooklyn
- Square Footage: 4,500 sf
- Price Per Square Foot: $567
The seller of this property was Greg Mason. On the other hand, the buyer was Cycamore Capital, represented by Bestreich Realty Group's Luke Sproviero, Derek Bestreich, and Donal Flaherty.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Browse New York sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93