Cycamore Capital Acquires Mixed-Use Property In Bushwick For $2.5M

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.