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157 Leonard Street

Action In Christ International, Inc Sells Church In Brooklyn For $4M
SOLDChurch

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

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.

Players

Solomon Davydov

Exit Realty First Choice

Broker

$44.9M

vol

10 deals

Broker
Exit Realty First Choice
Exit Realty First ChoiceBrokerage

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