Klosed Properties Acquires Mixed-Use Building In Bushwick, Brooklyn For $1.68M
SOLD
$1,680,000
New York
See Similar DealsMixed-use4,725 SF
Sold 05/05/2022
SOLD
Klosed Properties Acquires Mixed-Use Building In Bushwick, Brooklyn For $1.68M
126 Wyckoff Avenue, Brooklyn, New York 11237, United States
See Similar DealsMixed-use4,725 SF
Sold 05/05/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$355
Total Square Footage:4,725 SF
Transaction Type:Sale
Located in Bushwick, Brooklyn, the mixed-use property at 126 Wyckoff Ave. has been sold. The transaction took place on 05/05/2022, with a sale price of $1,680,000. Spanning across 4,725 square feet, the property was sold at a price of $355 per square foot. The buyers, Klosed Properties represented by Steven Kachanian and Ryan Powers-Tapp, acquired this prime asset.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,680,000
- Address: 126 Wyckoff Ave., Bushwick, Brooklyn
- Square Footage: 4,725
- Price per Square Foot: $355
Steven Kachanian and Ryan Powers-Tapp, representing Klosed Properties, played a significant role as the buyers in this transaction. Their expertise and negotiations led to the successful acquisition of this prime property in Bushwick.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$89,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,968.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,964.06
Annual Debt Service$95,568.69
Is there something missing? Send suggestions