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
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