Yoel Hershkowitz Acquires Development Site From Hannah Senesh Day School For $3.91M In Brooklyn
SOLD
$3,910,000
New York
See Similar DealsDevelopment Site
Sold 11/26/2024
SOLD
Yoel Hershkowitz Acquires Development Site From Hannah Senesh Day School For $3.91M In Brooklyn
11-15 5th Street, Brooklyn, NY
See Similar DealsDevelopment Site
Sold 11/26/2024
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$208,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,891.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,535.39
Annual Debt Service$222,424.74
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