Updated Feb 16, 2024
Bethpage Federal Credit Union Refinances Industrial Property On Wyckoff Avenue In Bushwick For $22.7M
49 Wyckoff Avenue, Brooklyn, New York 11237, United States
$22,700,000
$585/SF
Building Size
38,770 SF
Asset Type
Industrial
Closing
Aug 7, 2022
About this deal
AI
The industrial property located at 49 Wyckoff Avenue in Bushwick, with a size of approximately 38,770 square feet, has been involved in a refinancing loan transaction.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $22,700,000
- Address: 49 Wyckoff Avenue
- Market: Bushwick
The lender for this loan is bethpage''>Bethpage Federal Credit Union, and the landlord is Joel Schwartz.
Please note that no additional information is available regarding this transaction.
The industrial loan at 49 Wyckoff Avenue, Brooklyn, New York 11237, United States in New York, New York financed for $22.7M in 2022. The building is 38,770 square feet, implying about 585 per square foot on the published price. Named participants on the 49 Wyckoff Avenue, Brooklyn, New York 11237, United States loan are Joel Schwartz. This page is the New York, New York file for the 49 Wyckoff Avenue, Brooklyn, New York 11237, United States industrial financed: pricing, party profiles, and other closed industrial comps from the same New York sit in the Market section below. Filter that New York industrial set by closing date to see what else financed near 49 Wyckoff Avenue, Brooklyn, New York 11237, United States around 2022. Published consideration for 49 Wyckoff Avenue, Brooklyn, New York 11237, United States is $22.7M, dated 2022. Cite this Bethpage Federal Credit Union Refinances Industrial Property On Wyckoff Avenue In Bushwick For $22.7M loan when underwriting similar industrial product around New York, New York.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93