Bushwick: Cayuga Capital Entity Sells 594 Bushwick Ave for $36.5M
The only prior deed on the lot was a zero-dollar transfer between affiliated LLCs in 2014. There is no market basis in the record to measure the sale against.
A Cayuga Capital Management-linked entity, 600 Bushwick LLC, sold the commercial condominium unit at 594 Bushwick Avenue in Bushwick, Brooklyn for $36.5M, according to a deed recorded Oct. 23 with the city register. The buyer is 594 Bushwick Property LLC, a newly formed entity that takes its name from the address. ACRIS lists the property as Brooklyn block 3160, lot 1101.
Why it matters
600 Bushwick LLC’s address history ties it to Cayuga Capital Management, a Brooklyn-based investment firm that has used both a 40 Wall Street and a 217 Havemeyer Street mailing address for the entity over the years. For brokers and owners working the Bushwick Avenue commercial corridor, the $36.5M figure is now a verified comp on a lot that had not traded at a disclosed price in at least 12 years.
What makes the sale unusual is what it is not. ACRIS shows the only prior deed on this lot is a 2014 transfer, not a purchase. First Brooklyn Realty LLC conveyed the property to 600 Bushwick LLC on April 29, 2014, in a deed recorded that May at a stated amount of $0, with both companies listed at the same 1036 Manhattan Avenue address at the time, the signature of an internal restructuring rather than a market sale. That means the record holds no genuine basis for 600 Bushwick LLC. The owner cannot be said to have made or lost a given dollar figure on the resale, because there is no priced entry point to measure against. What is verifiable is the hold itself: 4,560 days, or about 12 years and 6 months, between the $0 deed in and the $36.5M deed out.
The lot also carried financing activity in the months before the sale. ACRIS parties and assignment filings tied to block 3160, lot 1101 show mortgage assignment and consolidation documents dated Jan. 15, 2026 and recorded that February, meaning the ownership entity was still actively managing debt on the property less than a year before selling it.
The numbers
- $36,500,000: sale price, deed recorded Oct. 23, 2026, document 2026102000674001
- $0: recorded amount on the only prior deed, document 2014050500899001, dated April 29, 2014
- 4,560 days: span between the two deeds, about 12 years and 6 months
- Block 3160, lot 1101: the tax lot, 594 Bushwick Avenue, unit 1, classified a commercial condominium by ACRIS
What’s next
ACRIS does not disclose what 594 Bushwick Property LLC intends for the site or whether new financing will follow the purchase. We will watch for a mortgage filing tied to the Oct. 23 deed and for any Department of Buildings permit activity at the address. More New York deal coverage is at The American Developer.
Quick answers
- What is the latest on 594 Bushwick Avenue, Brooklyn?
- A Cayuga Capital-linked entity sold 594 Bushwick Avenue for $36.5M, closing a 12-year hold ACRIS shows began with a $0 affiliate deed, not a purchase.
- Who is developing 594 Bushwick Avenue, Brooklyn?
- Cayuga Capital Management, according to NYC ACRIS, deed document 2026102000674001.
- What are the key numbers for 594 Bushwick Avenue, Brooklyn?
- sale price: $36.5M; seller's hold: 4,560 days; seller's recorded basis: $0.
On the record
ACRIS party and document records for Brooklyn block 3160, lot 1101 were pulled back to 2014. The only prior deed naming 600 Bushwick LLC is document 2014050500899001, recorded May 9, 2014, from First Brooklyn Realty LLC, an entity at the same 1036 Manhattan Avenue address as the buyer, for a recorded amount of $0. There is no arm's-length purchase price in the record to compare against the $36,500,000 sale, so the transaction cannot be framed as a dollar gain, only as the close of a 4,560-day hold.
Public record · a836-acris.nyc.gov
Primary record
- NYC ACRIS, deed document 2026102000674001Deed recorded Oct. 23, 2026, 600 Bushwick LLC to 594 Bushwick Property LLC, amount $36,500,000, Brooklyn block 3160, lot 1101