Cycamore Capital Acquires Vacant 6-Family Property In Brooklyn For $2.4M
333 18th St, Brooklyn, NY 11215, USA
$2,355,000
$628/SF
Building Size
3,750 SF
Asset Type
Other
Closing
Nov 28, 2020
About this deal
AI
Vacant 6 family property located at 333 18th Street in Brooklyn, New York was recently sold in a closed transaction. The property spans 3,750 square feet and was purchased by Cycamore Capital represented by Johnny Din and Jon Cypers. The seller of the property was Myra Cohen. The transaction was facilitated by Chad Kessler of New Millennium.
Summary of transation details
- Property Type: Vacant 6 family
- Transaction Amount: $2,355,000
- Address: 333 18th Street
- Market: Brooklyn
- City: New York
Cycamore Capital, represented by Johnny Din and Jon Cypers, acquired the vacant 6 family property at 333 18th Street in Brooklyn, New York. The purchase price for the property was $2,355,000, with a price per square foot of $628. Myra Cohen served as the seller in the transaction. The deal was facilitated by Chad Kessler of New Millennium.
On the Map
$2,355,000
$628/SF
Other
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Players
Brooklyn Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.74%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93