Ben-Josef Group Purchases Multifamily Property At 856 Hancock Street From Aron Herczl For $4.2M
SOLD
New York
See Similar DealsMultiFamily5,740 SF
Sold
SOLD
Ben-Josef Group Purchases Multifamily Property At 856 Hancock Street From Aron Herczl For $4.2M
856 Hancock Street
See Similar DealsMultiFamily5,740 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$731
Total Square Footage:5,740 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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