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333 18th St, Brooklyn, NY 1...

Cycamore Capital Acquires Vacant 6-Family Property In Brooklyn For $2.4M
SOLDOther

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

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.

Players

Chad Kessler

Broker

$2.4M

vol

1 deal

Broker
Johnny Din

Johnny Din

Cycamore Capital

Buyer

$35.9M

vol

16 deals

Buyer
CC
Cycamore CapitalBuyer

New York 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