LSL NY Acquires Multi Family Property On Wyckoff Avenue In Bushwick For $1.45M
229 Wyckoff Avenue, Brooklyn, NY 11237, USA
$1,450,000
$297/SF
Building Size
4,875 SF
Asset Type
MultiFamily
Closing
Oct 10, 2018
AI
The multi-family property at 229 Wyckoff Avenue, located in the Bushwick neighborhood of Brooklyn, has been sold for a price of $1,450,000. The property spans across 4,875 square feet, resulting in a price per square foot of $297.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $1,450,000
- Address: 229 Wyckoff Avenue
- Market: Bushwick, Brooklyn
In this transaction, the seller of the property was Mordechai Retek, while the buyer was Daniel Lolai representing LSL NY. The deal was facilitated by Mike Rybinskov and Levi Chein from the real estate agency re.ny.
This purchase marks LSL NY's fourth acquisition of a multi-family property in 2018. LSL NY is actively looking to expand its portfolio and continue investing in the market. For any inquiries or further information, interested parties can contact LSL NY at [email protected] or (516) 404-0077.
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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93