Cayuga Capital Management borrows $33M from M&T Bank for multifamily property in Bushwick

James P. Wiseman’s Cayuga Capital Management through the entity 600 Bushwick LLC as borrower signed a loan agreement with lender M&T Bank valued at $33 million for 1 parcel, including the tax class multifamily, semi-fireproof with stores (D7) and containing 66 residential units at 592 Bushwick Avenue in Bushwick. The deal closed on January 30, 2020 and was recorded on March 10, 2020.
The property contains a total of 62,762 square feet of built space.
The average loan per unit is $500,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link