Action In Christ International, Inc Sells Church In Brooklyn For $4M
SOLD
$4,000,000
New York
See Similar DealsChurch3,749 SF
Sold 02/26/2024
SOLD
Action In Christ International, Inc Sells Church In Brooklyn For $4M
157 Leonard Street
See Similar DealsChurch3,749 SF
Sold 02/26/2024
Summary
NEW YORK
Asset Type:Church
Price Per Square Foot:$1,067
Total Square Footage:3,749 SF
Transaction Type:Sale
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.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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