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1271 Willoughby Ave, Brookl...

Johnny Din - Cycamore Capital Acquires $2.7M Multifamily Property In Brooklyn
SOLDMultiFamily

Johnny Din - Cycamore Capital Acquires $2.7M Multifamily Property In Brooklyn

1271 Willoughby Ave, Brooklyn, NY 11237, USA

Building Size

5,103 SF

Asset Type

MultiFamily

Closing

Feb 21, 2018

AI

Located at 1271 Willoughby Avenue in Brooklyn, New York, this multifamily property recently changed hands in a closed deal. The property was sold for a price of $2,700,000, which translates to a price per square foot (PPSF) of $529. The transaction took place in the market of Brooklyn.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,700,000
  • Price per Square Foot (PPSF): $529
  • Seller: Dawson Stellberger – Bushwack Capital
  • Buyer: Johnny Din – Cycamore Capital
  • Broker: TerraCRG – Matt Cosentino, Fred Bijou, Eric Satanovsky

Representing the seller, Dawson Stellberger from Bushwack Capital successfully closed this deal with the assistance of TerraCRG brokers, Matt Cosentino, Fred Bijou, and Eric Satanovsky. On the other side, Johnny Din from Cycamore Capital served as the buyer.

Players

Fred Bijou

Bijou Equities

Broker

$107.3M

vol

33 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 MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93