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49 Wyckoff Avenue, Brooklyn...

Updated Feb 16, 2024

Bilt advertisement
Bethpage Federal Credit Union Refinances Industrial Property On Wyckoff Avenue In Bushwick For $22.7M
FINANCEDIndustrial

Bethpage Federal Credit Union Refinances Industrial Property On Wyckoff Avenue In Bushwick For $22.7M

49 Wyckoff Avenue, Brooklyn, New York 11237, United States

$22,700,000

$585/SF

Building Size

38,770 SF

Asset Type

Industrial

Closing

Aug 7, 2022

About this deal

AI

The industrial property located at 49 Wyckoff Avenue in Bushwick, with a size of approximately 38,770 square feet, has been involved in a refinancing loan transaction.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $22,700,000
  • Address: 49 Wyckoff Avenue
  • Market: Bushwick

The lender for this loan is bethpage''>Bethpage Federal Credit Union, and the landlord is Joel Schwartz.

Please note that no additional information is available regarding this transaction.

The industrial loan at 49 Wyckoff Avenue, Brooklyn, New York 11237, United States in New York, New York financed for $22.7M in 2022. The building is 38,770 square feet, implying about 585 per square foot on the published price. Named participants on the 49 Wyckoff Avenue, Brooklyn, New York 11237, United States loan are Joel Schwartz. This page is the New York, New York file for the 49 Wyckoff Avenue, Brooklyn, New York 11237, United States industrial financed: pricing, party profiles, and other closed industrial comps from the same New York sit in the Market section below. Filter that New York industrial set by closing date to see what else financed near 49 Wyckoff Avenue, Brooklyn, New York 11237, United States around 2022. Published consideration for 49 Wyckoff Avenue, Brooklyn, New York 11237, United States is $22.7M, dated 2022. Cite this Bethpage Federal Credit Union Refinances Industrial Property On Wyckoff Avenue In Bushwick For $22.7M loan when underwriting similar industrial product around New York, New York.

Players

Bethpage
BethpageLender

Joel Schwartz

Landlord

$450.9M

vol

43 deals

Landlord

New York Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Deal FAQ

About $585 per square foot on a published $22.7M for 38,770 square feet (2022).

Visit Joel Schwartz to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.70%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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