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168 Wythe Avenue

JLL Brokers Represent RYCO Capital In $10.4M Retail Sale In Williamsburg, Brooklyn
SOLDRetail

JLL Brokers Represent RYCO Capital In $10.4M Retail Sale In Williamsburg, Brooklyn

168 Wythe Avenue & 170 Wythe Avenue

$10,400,000

$442/SF

Building Size

23,500 SF

Asset Type

Retail

Closing

Mar 6, 2024

AI

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:

The team behind this transaction included brokers Ethan Stanton, Brendan Maddigan, Connor McCullough, Michael Mazzara, and Winfield Clifford from JLL.

Players

Brendan Maddigan

JLL

Broker

$4.7B

vol

127 deals

Broker

Brooklyn Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.53%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93