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
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.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
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