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229 Wyckoff Avenue, Brookly...

LSL NY Acquires Multi Family Property On Wyckoff Avenue In Bushwick For $1.45M
SOLDMultiFamily

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

Mike Rybinskov

XRE NY

Broker

$6.5M

vol

4 deals

Broker
Daniel Lolai

Daniel Lolai

Buyer

$211.9M

vol

91 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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