facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Sale

/

31 Spencer Street

Moshe Mann Acquires Office Condo From Joel Schwartz For $4 Million In Bedford Stuyvesant Brooklyn
SOLDOffice

Moshe Mann Acquires Office Condo From Joel Schwartz For $4 Million In Bedford Stuyvesant Brooklyn

31 Spencer Street

$4,000,000

$2,974/SF

Building Size

1,345 SF

Asset Type

Office

Closing

Apr 28, 2025

AI

An office condo located at 31 Spencer Street in Bedford Stuyvesant, Brooklyn, has been sold for $4,000,000. The asset spans 1,345 square feet, resulting in a price per square foot of approximately $2,973.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $4,000,000
  • Buyer: Moshe Mann
  • Seller: Joel Schwartz
  • Sale Date: April 28, 2025
  • Market: Bedford Stuyvesant, Brooklyn
  • Square Footage: 1,345
  • Price per Square Foot: $2,973

Moshe Mann’s company, Mm Spencer Holdings, was the buyer of the condo, while Joel Schwartz was the seller involved in this transaction. The sale was finalized on April 28, 2025, marking the completion of this real estate deal in the Brooklyn market.

Players

Joel Schwartz

Seller

$450.9M

vol

43 deals

Seller

Brooklyn Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93