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
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
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