Compass Brokers Sell Dyker Heights Church For $4,077,777
1033 72nd Street & 1037 72nd Street
$4,077,777
$238/SF
Building Size
17,120 SF
Asset Type
Church
Closing
Dec 18, 2023
AI
A church property located at 1033-1037 72nd Street in Dyker Heights, Brooklyn has been sold. The transaction was facilitated by Meylin Maldonado, Grace Rahme, and Fouad Rahme from Compass. The sale price for the property was $4,077,777, and it spans an area of 8,560 square feet, resulting in a price per square foot of $476.
Summary of transaction details
- Property Type: Church
- Transaction Amount: $4,077,777
- Address: 1033-1037 72nd Street, Dyker Heights, Brooklyn
- Market: Dyker Heights, Brooklyn
- Brokers: Meylin Maldonado, Grace Rahme & Fouad Rahme - Compass
- Square Footage: 8,560
- Price per Square Foot: $476
The successful sale of the church property was made possible with the expertise and representation of Meylin Maldonado, Grace Rahme, and Fouad Rahme from Compass. Their dedication and professionalism contributed to the smooth transaction between the involved parties.
Players
Brooklyn Church Market Snapshot
Boundary boundary · Church · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.89%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93