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
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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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