Chaim Pinter Acquires Religious Structure In Borough Park, Brooklyn For $4M
1260 45th Street, Brooklyn, New York 11219, United States
$4,000,000
$222/SF
Building Size
17,991 SF
Asset Type
Other
Closing
Mar 29, 2022
About this deal
AI
A religious structure located at 1260 45 St in Borough Park, Brooklyn has been sold for a price of $4,000,000. The property is zoned as R8B and has a floor area ratio (FAR) of 4.49. The lot size is 4,007 square feet with dimensions of 40 ft x 100.17 ft. The building has a total size of 17,991 square feet and a price per square foot (PPSF) of $222. The buyer of the property is Chaim Pinter, while the seller is Yitzchok Moskowitz. The transaction took place on March 30, 2022. The last recorded sale of the property was also for $4,000,000 on December 29, 2016. It is classified under tax class 4. In terms of permits, an alteration 2 permit was issued on May 8, 2012.
Summary of transaction details
- Property Type: Religious Structure
- Transaction Amount: $4,000,000
- Market: Borough Park, Brooklyn
- Zoning: R8B
- Buyer: Chaim Pinter
- Seller: Yitzchok Moskowitz
- Total Building Size: 17,991 square feet
- Price per Square Foot (PPSF): $222
- Lot Size: 4,007 square feet
- Lot Dimensions: 40 ft x 100.17 ft
- Last Sale Price: $4,000,000 (12/29/2016)
- Permits: Alteration 2 (05/08/2012)
- Tax Class: 4
This transaction marks the transfer of ownership of the religious structure from Yitzchok Moskowitz to Chaim Pinter. The deal was closed on March 30, 2022, and the property was sold for $4,000,000. The building has a total floor area of 17,991 square feet and a price per square foot of $222. Located in Borough Park, Brooklyn, this religious structure is zoned as R8B and has a lot size of 4,007 square feet with dimensions of 40 ft x 100.17 ft. The last sale price recorded for this property was also $4,000,000 on December 29, 2016. In May 2012, an alteration 2 permit was issued for the property.
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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