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31 Spencer Street

Human Care Services Acquires Condo On Spencer Street, Bedford Stuyvesant For $3.3M
SOLDCondo

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

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.

Players

Joel Schwartz

Seller

$450.9M

vol

43 deals

Seller

Brooklyn Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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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