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856 Hancock Street

Ben-Josef Group Purchases Multifamily Property At 856 Hancock Street From Aron Herczl For $4.2M
SOLDMultiFamily

Ben-Josef Group Purchases Multifamily Property At 856 Hancock Street From Aron Herczl For $4.2M

856 Hancock Street

$4,200,000

$731/SF

Building Size

5,740 SF

Asset Type

MultiFamily

Closing

Nov 20, 2024

AI

The property is a multifamily asset located at 856 Hancock Street in Brooklyn. It has a sale price of $4,200,000, comprising 8 units with a price per unit of $525,000. The total square footage of the property is 5,740, resulting in a price per square foot of $731.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,200,000
  • Units: 8
  • Price Per Unit: $525,000
  • Square Footage: 5,740
  • Price Per Square Foot: $731
  • Buyer: Ben-Josef Group
  • Seller: Aron Herczl
  • Broker: Moshe Goldberger & Zachary Fuchs - GFI Realty Services

The transaction involved Ben-Josef Group as the buyer and Aron Herczl as the seller. The brokerage representing both parties was GFI Realty Services, with Moshe Goldberger and Zachary Fuchs acting as the brokers in the deal.

Players

Zachary Fuchs

GFI Realty Services

Broker

$325.2M

vol

63 deals

Broker

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.78%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93