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
$43,000,000
$71/SF
Building Size
600,000 SF
Asset Type
Development Site
Closing
Nov 2, 2022
AI
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
Guelph 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
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93