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760 Dekalb Avenue, Brooklyn...

Be'er Miriam School Acquires Special Purpose Property In Bedford-Stuyvesant For $13.1M
SOLD

Be'er Miriam School Acquires Special Purpose Property In Bedford-Stuyvesant For $13.1M

760 Dekalb Avenue, Brooklyn, New York 11216, United States

$13,100,000

$308/SF

Building Size

42,500 SF

Asset Type

Closing

Mar 17, 2022

AI

The Be'er Miriam School has purchased a special purpose property located at 760 DeKalb Ave. in Bedford-Stuyvesant, Brooklyn. The transaction took place on March 18, 2022, with a sale price of $13,100,000. The property spans 42,500 square feet, resulting in a price per square foot of $308. The seller of the property was Shlomi Avdoo.

Summary of transaction details:

  • Property Type: Special Purpose
  • Transaction Amount: $13,100,000
  • Address: 760 DeKalb Ave., Bedford-Stuyvesant
  • Market: Bedford-Stuyvesant

Representing the buyer, Be'er Miriam School, is Tzvi Schwartz. Shlomi Avdoo acted as the seller in this transaction. DJ Johnston from B6 Real Estate Advisors served as the broker. The transaction involved the sale of a vacant building that was previously occupied by a charter school. The Be'er Miriam School specializes in non-profit/community facility sales and has successfully completed six such transactions in the last 18 months.

Please contact DJ Johnston at 914-584-7422 or [email protected] to learn more about the unique approach taken by B6 Real Estate Advisors in handling these types of listings.

Players

DJ Johnston

Matthews

Broker

$504.3M

vol

105 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.21%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93