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39 Hall Street

Yitzchok Schwartz Of Hall Street Estates Purchases 39 Hall Street Office In Brooklyn For $121.3M
SOLD

Yitzchok Schwartz Of Hall Street Estates Purchases 39 Hall Street Office In Brooklyn For $121.3M

39 Hall Street

$121,300,000

Building Size

Asset Type

Closing

Apr 28, 2026

AI

An office asset located at 39 Hall Street in Brooklyn was sold for $121,300,000. The property spans a total of 555,920 square feet, translating to a price per square foot of $218. The sale involved an 11-building tax lot in the Clinton Hill area.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $121,300,000
  • Buyer: Yitzchok Schwartz - Hall Street Estates
  • Seller: Scott Rechler - RXR Realty
  • Sale Date: 04/28/2026
  • Market: Brooklyn

The transaction highlights Yitzchok Schwartz’s acquisition through Hall Street Estates from Scott Rechler of RXR Realty, with intentions targeting a significant residential redevelopment in the area.

Players

Yitzchok Schwartz

Hall Street Estates

Buyer

$386.9M

vol

11 deals

Buyer
HE
Hall Street EstatesBuyer

Scott Rechler

RXR Realty

Seller

$9.1B

vol

24 deals

Seller

Hall 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

0.13%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93