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.
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