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Daryl Hagler & Isaac Hager Acquire Brooklyn Development Site For $43M With Brokers Lipa Lieberman, David Schectman & Abie Kassin

Property Image
SOLD
$43,000,000
Lipa Lieberman
Abie Kassin
DH
+ 1

New York

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Development Site600,000 SF
Sold 11/02/2022
the dealplayerscompscontact
Property Image
SOLD

Daryl Hagler & Isaac Hager Acquire Brooklyn Development Site For $43M With Brokers Lipa Lieberman, David Schectman & Abie Kassin

938 Franklin Avenue, 130 Montgomery Street & 960 Franklin Avenue

See Similar Deals
Development Site600,000 SF
Sold 11/02/2022
Lipa Lieberman
Abie Kassin
DH
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$71
Total Square Footage:600,000 SF
Transaction Type:Sale

Daryl Hagler and Isaac Hager have acquired a development site in Brooklyn for $43,000,000. The property, located at 938-960 Franklin Avenue and 130 Montgomery Street, spans approximately 200,000 square feet. The price per square foot for the transaction was $215.

Summary of transation details

  • Property Type: Development Site
  • Transaction Amount: $43,000,000
  • Address: 938-960 Franklin Avenue & 130 Montgomery Street
  • Market: Brooklyn
  • Buyer: Daryl Hagler & Isaac Hager
  • Seller: Golombeck Family
  • Brokers: Lipa Lieberman, David Schectman & Abie Kassin - Meridian Capital Group
  • Square Footage: 200,000
  • Price per Square Foot: $215

Lipa Lieberman, David Schectman, and Abie Kassin of Meridian Capital Group represented the buyer and seller in the deal.

Players

Abie Kassin
Meridian Capital Group
Abie Kassin
52 deals$1.6B volume(212) 468-5909
BROKER
Lipa Lieberman
Meridian Capital Group
Lipa Lieberman
36 deals$1.2B volume
BROKER
DH
Daryl Hagler
7 deals$413.8M volume
BUYER
IH
Isaac Hager
5 deals$219.3M volume
BUYER

Details

SOLD
IMAGE: Lipa Lieberman DATE: 11/02/2022 ADDRESS: 938-960 Franklin Avenue & 130 Montgomery Street MARKET: Brooklyn ASSET TYPE: Development Site BUYER: Daryl Hagler & Isaac Hager SELLER: Golombeck Family BROKERS: Lipa Lieberman, David Schectman & Abie Kassin - Meridian Capital Group SALE PRICE: $43,000,000 SF: 200,000 ~ PPSF: $215

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,293,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$152,769.93
Cash-on-Cash Return-1.27%
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