JLL Brokers Represent RYCO Capital In $10.4M Retail Sale In Williamsburg, Brooklyn
SOLD
$10,400,000
+ 2
New York
See Similar DealsRetail23,500 SF
Sold 03/06/2024
SOLD
JLL Brokers Represent RYCO Capital In $10.4M Retail Sale In Williamsburg, Brooklyn
168 Wythe Avenue & 170 Wythe Avenue
See Similar DealsRetail23,500 SF
Sold 03/06/2024
+ 2
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$442
Total Square Footage:23,500 SF
Transaction Type:Sale
The property transaction at 168-170 Wythe Avenue in Williamsburg, Brooklyn, involved a retail asset spanning 10,741 square feet. The deal was sealed for $10,400,000, translating to a price per square foot of $968.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,400,000
- Buyer: RYCO Capital
- Seller: L3 Capital
- Brokers: Ethan Stanton, Brendan Maddigan, Connor McCullough, Michael Mazzara, & Winfield Clifford - JLL
The team behind this transaction included brokers Ethan Stanton, Brendan Maddigan, Connor McCullough, Michael Mazzara, and Winfield Clifford from JLL.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$554,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,949.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,301.31
Annual Debt Service$591,615.67
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