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:
- 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.
Players
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