Scott Kupferman Acquires Vacant SRO Property In Brooklyn For $3M
132 6th Ave, Brooklyn, NY 11217, USA
$3,000,000
$638/SF
Building Size
4,700 SF
Asset Type
Other
Closing
Nov 28, 2020
About this deal
AI
The vacant SRO property located at 132 6th Avenue in Brooklyn has been sold in a closed transaction for a price of $3,000,000. The property spans 4,700 square feet, resulting in a price per square foot of $638.
Summary of transaction details
- Property Type: Vacant SRO
- Transaction Amount: $3,000,000
- Address: 132 6th Avenue, Brooklyn
- Market: Brooklyn
- SF: 4,700
- PPSF: $638
The seller of the property was Wiener Longchamp, while Scott Kupferman acted as the buyer. The transaction was facilitated by the brokers from BRG_CRE, namely Adam Lobel, Derek Bestreich, Toby Waring, and Justin Zeitchik.
Players
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93