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132 6th Ave, Brooklyn, NY 1...

Updated Oct 29, 2024

Scott Kupferman Acquires Vacant SRO Property In Brooklyn For $3M
SOLDOther

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

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$628.5M

vol

147 deals

Broker

New York Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Deal FAQ

About $638 per square foot on a published $3M for 4,700 square feet (2020).

Visit Toby Waring to view all their deals.

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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

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