Cycamore Capital Acquires Mixed-Use Property In Bushwick, Brooklyn For $1.95M
SOLD
$1,950,000
+ 3
New York
See Similar DealsMixed-use4,505 SF
Sold
SOLD
Cycamore Capital Acquires Mixed-Use Property In Bushwick, Brooklyn For $1.95M
89 Wyckoff Ave, Brooklyn, NY 11237, USA
See Similar DealsMixed-use4,505 SF
Sold
+ 3
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$432
Total Square Footage:4505 SF
Transaction Type:Sale
Located in Bushwick, Brooklyn, the mixed-use property at 89 Wyckoff Avenue has been sold for a total price of $1,950,000. Spanning across 4,505 square feet, this property offers a versatile space for various purposes.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,950,000
- Address: 89 Wyckoff Avenue
- Market: Bushwick, Brooklyn
The sale was facilitated by the buyer, Cycamore Capital, represented by Johnny Din and Erik Dremol. On the seller's side, the property was owned by Dawson Stellberger and Jay Killkelley. The transaction was brought to completion with the assistance of brokers Matt Cosentino, Fred Bijou, and Eddie Laboz from TerraCRG.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$103,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,927.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,243.99
Annual Debt Service$110,927.94
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