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
About this deal
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.
On the Map
$4,000,000
$2,974/SF
Office
View full map
Players
Brooklyn Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
About $3K per square foot on a published $4M for 1,345 square feet (2025).
Visit Joel Schwartz to view all their deals.
Browse Brooklyn office sales on Traded.
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