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126 Wyckoff Avenue, Brookly...

Klosed Properties Acquires Mixed-Use Building In Bushwick, Brooklyn For $1.68M
SOLDMixed-use

Klosed Properties Acquires Mixed-Use Building In Bushwick, Brooklyn For $1.68M

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

$1,680,000

$355/SF

Building Size

4,725 SF

Asset Type

Mixed-use

Closing

May 4, 2022

AI

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

Steven Kachanian

Klosed Properties

Buyer

$91.9M

vol

37 deals

Buyer
Klosed Properties
Klosed PropertiesBuyer

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.44%

Cash-on-Cash

-2.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93