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
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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