Cycamore Capital Acquires Mixed-Use Property In Bushwick For $2.5M
SOLD
$2,500,000
+ 1
New York
See Similar DealsMixed-use4,725 SF
Sold
SOLD
Cycamore Capital Acquires Mixed-Use Property In Bushwick For $2.5M
553 Wilson Ave, Brooklyn, NY 11207, USA
See Similar DealsMixed-use4,725 SF
Sold
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$529
Total Square Footage:4,725 SF
Transaction Type:Sale
The recently closed transaction at 553 Wilson Avenue in Brooklyn’s Bushwick neighborhood involved a mixed-use property. The property consists of 6 units, with 4 residential units and 2 retail units, spanning a total of 4,725 square feet. The transaction closed on August 1, 2018, with a sale price of $2,500,000, equating to a price per square foot of $529.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $2,500,000
- Building Specs: 6 units (4 residential and 2 retail); 4,725 SF
- Buyer: Johnny Din and Jon Cypers of Cycamore Capital
- Seller: Atkins & Breskin
The buyer's representatives in this transaction were Eric Satanovsky and Matt Cosentino of TerraCRG.
Players
BUYER
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)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
Is there something missing? Send suggestions