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Human Care Services Acquires Condo On Spencer Street, Bedford Stuyvesant For $3.3M
SOLD
$3,300,000
New York
See Similar DealsCondo
Sold 12/04/2023
SOLD
Human Care Services Acquires Condo On Spencer Street, Bedford Stuyvesant For $3.3M
31 Spencer Street
See Similar DealsCondo
Sold 12/04/2023
Summary
NEW YORK
Asset Type:Condo
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
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