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Borough Park Office Sold For $9.2M To Marvin Azrak From Joseph Fischman
SOLD
$9,200,000
New York
See Similar DealsOffice
Sold 09/28/2023
SOLD
Borough Park Office Sold For $9.2M To Marvin Azrak From Joseph Fischman
4218 Fort Hamilton Parkway
See Similar DealsOffice
Sold 09/28/2023
Summary
NEW YORK
Asset Type:Office
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$490,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,685.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,612.69
Annual Debt Service$523,352.32
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