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618 Bushwick Avenue, Bushwi...

Cayuga Capital Management Secures $30M Loan For Multifamily Property On Bushwick Avenue With JP Morgan
FINANCEDMultiFamily

Cayuga Capital Management Secures $30M Loan For Multifamily Property On Bushwick Avenue With JP Morgan

618 Bushwick Avenue, Bushwick, Brooklyn, NY, USA

$30,000,000

$328/SF

Building Size

91,366 SF

Asset Type

MultiFamily

Closing

Mar 25, 2021

AI

618 Bushwick Avenue in Bushwick has been involved in a recent closed transaction. The multifamily property, owned by Cayuga Capital Management, attracted attention from various parties in the real estate market. The deal was facilitated by brokers Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, and Mo Beler from Walker & Dunlop, who represented the interests of the buyer and seller.

Summary of transaction details:

The loan involved in this transaction was provided by JP Morgan. Cayuga Capital Management, as the landlord, played a significant role in the deal. The brokers, including Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, and Mo Beler, represented the interests of the parties involved in the transaction.

Players

Aaron Appel

Walker & Dunlop

Broker

$32.5B

vol

194 deals

Broker
CM
Cayuga Capital ManagementLandlord

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93