Human Care Services Acquires Condo On Spencer Street, Bedford Stuyvesant For $3.3M
31 Spencer Street
$3,300,000
Building Size
—
Asset Type
Condo
Closing
Dec 4, 2023
About this deal
AI
Aaron Oberlander, representing Human Care Services, has purchased a condo located at 31 Spencer Street in Bedford Stuyvesant, Brooklyn. The property was sold by Joel Schwartz's entity, 31 Spencer Street Usa LLC, for a total of $3.3 million.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,335,000
- Address: 31 Spencer Street, Bedford Stuyvesant, Brooklyn
- Market: Bedford Stuyvesant, Brooklyn
The buyer, Aaron Oberlander, represented Human Care Services in the transaction. The seller was Joel Schwartz. Human Care Services, operating under the entity Human Care Services For Families & Children, Inc., acquired the property from Joel Schwartz's entity, 31 Spencer Street Usa LLC.
On the Map
$3,300,000
Condo
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93