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11-15 5th Street, Brooklyn,...

Yoel Hershkowitz Acquires Development Site From Hannah Senesh Day School For $3.91M In Brooklyn
SOLDDevelopment Site

Yoel Hershkowitz Acquires Development Site From Hannah Senesh Day School For $3.91M In Brooklyn

11-15 5th Street, Brooklyn, NY

$3,910,000

Building Size

Asset Type

Development Site

Closing

Nov 26, 2024

AI

The property asset involved in this transaction is a development site located at 11-15 5th Street in Brooklyn. The sale price for the property was $3,910,000. The residential buildable square footage (BSF) is 14,516, translating to a price per buildable square foot (PPBSF) of $269. Additionally, the retail buildable square footage is 13,196, with a PPBSF of $296.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $3,910,000
  • Residential BSF: 14,516
  • PPBSF (Residential): $269
  • Retail BSF: 13,196
  • PPBSF (Retail): $296
  • Buyer: Yoel Hershkowitz
  • Seller: Hannah Senesh Day School
  • Broker: Shay Zach - GAIA Property Group

This transaction features Yoel Hershkowitz as the buyer and Hannah Senesh Day School as the seller. The broker representing this deal is Shay Zach from GAIA Property Group.

Players

Shay Zach

GAIA Property Group

Broker

$104.4M

vol

16 deals

Broker

Brooklyn Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.06%

Cash-on-Cash

-1.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93