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9 Walworth Street, Brooklyn...

Updated Dec 21, 2023

Yitzechok Fisch Acquires Commercial Property On Walworth Street In Brooklyn For $3.17M
SOLDCommercial

Yitzechok Fisch Acquires Commercial Property On Walworth Street In Brooklyn For $3.17M

9 Walworth Street, Brooklyn, New York 11205, United States

$3,170,000

$857/SF

Building Size

3,695 SF

Asset Type

Commercial

Closing

Mar 20, 2022

About this deal

AI

The commercial property located at 9 Walworth Street in Bedford-Stuyvesant, Brooklyn has been sold for $3,170,000. The property has a total of 8,120 square feet and a price per square foot of $390. It consists of 3,695 square feet and has a price per square foot of $857. The lot size is 4,060 square feet with dimensions of 92.33 feet by 39.92 feet. The property has a floor area ratio (FAR) of 0.91 and falls under tax class 4. It is zoned as M1-2.

Summary of transation details

  • Property Type: Commercial
  • Transaction Amount: $3,170,000
  • Square Footage: 8,120 square feet
  • Price per Square Foot: $390
  • Address: 9 Walworth Street, Bedford-Stuyvesant, Brooklyn
  • Market: Bedford-Stuyvesant, Brooklyn

The buyer of the property is Yitzechok Fisch and the seller is Jacob Wiznitzer.

Note: The property was previously sold on 06/01/2021 for $2,580,000.

Players

New York Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Deal FAQ

About $857 per square foot on a published $3.2M for 3,695 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.00%

Cash-on-Cash

-1.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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