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89 Wyckoff Ave, Brooklyn, N...

Cycamore Capital Acquires Mixed-Use Property In Bushwick, Brooklyn For $1.95M
SOLDMixed-use

Cycamore Capital Acquires Mixed-Use Property In Bushwick, Brooklyn For $1.95M

89 Wyckoff Ave, Brooklyn, NY 11237, USA

$1,950,000

$432/SF

Building Size

4,505 SF

Asset Type

Mixed-use

Closing

Jun 10, 2020

AI

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.

Players

Eddie Laboz

Terra CRG

Broker

$16.8M

vol

7 deals

Broker
Johnny Din

Johnny Din

Cycamore Capital

Buyer

$35.9M

vol

16 deals

Buyer

Dawson Stellberger

Bushwack Capital

Seller

$16M

vol

3 deals

Seller

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

8.13%

Cash-on-Cash

-2.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93