Action In Christ International, Inc Sells Church In Brooklyn For $4M
157 Leonard Street
$4,000,000
$1,067/SF
Building Size
3,749 SF
Asset Type
Church
Closing
Feb 26, 2024
About this deal
AI
Located in East Williamsburg, Brooklyn, the property at 157 Leonard Street was sold for $4,000,000. Spanning 3,749 square feet, the asset type is a Church, with a price per square foot of $1,067.
Summary of transation details:
- Property Type: Church
- Transaction Amount: $4,000,000
- SF: 3,749
- Address: 157 Leonard Street
- Market: East Williamsburg, Brooklyn
- Seller: Action in Christ International, Inc
- Brokers: Solomon Davydov & Michele Best - Exit Realty First Choice
Action in Christ International, Inc served as the seller in this transaction, while the deal was facilitated by brokers Solomon Davydov and Michele Best from Exit Realty First Choice.
On the Map
$4,000,000
$1,067/SF
Church
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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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93