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

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SOLD
$4,200,000

New York

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MultiFamily5,740 SF
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SOLD

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

856 Hancock Street

See Similar Deals
MultiFamily5,740 SF
Sold
Contact now

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.

Players

Zachary Fuchs
62 deals$322.8M volume
BROKER

Moshe Goldberger
GFI Realty Services
17 deals$40M volume
BROKER

Details

SOLD
IMAGE: Zachary Fuchs & Michael Weiser DATE: 11/20/2024 ADDRESS: 856 Hancock Street MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: Ben-Josef Group SELLER: Aron Herczl BROKER: Moshe Goldberger & Zachary Fuchs (@ZacharyDFuchs) - GFI Realty Services (@GFIRealty) SALE PRICE: $4,200,000 UNITS: 8 ~ PPU: $525,000 SF: 5,740 ~ PPSF: $731

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Deal Type
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