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
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