facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Sale

/

4218 Fort Hamilton Parkway

Borough Park Office Sold For $9.2M To Marvin Azrak From Joseph Fischman
SOLDOffice

Borough Park Office Sold For $9.2M To Marvin Azrak From Joseph Fischman

4218 Fort Hamilton Parkway

$9,200,000

Building Size

Asset Type

Office

Closing

Sep 28, 2023

AI

A Borough Park synagogue located at 4218 Fort Hamilton Parkway in Brooklyn has been sold for $9.2 million. The transaction involved the sale of the religious asset from seller Joseph Fischman to buyer Marvin Azrak.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $9,200,000
  • Address: 4218 Fort Hamilton Parkway
  • Market: Borough Park, Brooklyn

Marvin Azrak purchased the office property located at 4218 Fort Hamilton Parkway in Borough Park, Brooklyn for an amount of $9.2 million. The seller, Joseph Fischman, completed the transaction, transferring ownership of the asset.

Players

Marvin Azrak

Maguire Capital Group

Broker

$111.8M

vol

9 deals

Broker

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

1.72%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93