Cycamore Capital Acquires Mixed-use Property In Williamsburg, Brooklyn For $2.4M
296 Leonard Street
$2,400,000
$683/SF
Building Size
3,510 SF
Asset Type
Mixed-use
Closing
Jul 8, 2020
AI
The mixed-use property located at 296 Leonard Street in Williamsburg, Brooklyn was recently sold for a price of $2,400,000. The property includes 2 residential units and 1 commercial unit, with a total square footage of 3,510. The sale price per square foot was approximately $683.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,400,000
- Address: 296 Leonard Street, Williamsburg, Brooklyn
- Market: Williamsburg, Brooklyn
- Units: 3 (2 residential, 1 commercial)
- Seller: Frank & Maria Chioccola
- Buyer: Cycamore Capital - Johnny Din & Erik Dremel
- Brokers: Agata Landa - CapriJetRealty
The sale of this property was facilitated by Agata Landa from CapriJetRealty, representing both the seller, Frank & Maria Chioccola, and the buyer, Cycamore Capital represented by Johnny Din & Erik Dremel.
Players
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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93