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.
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