Bnos Educational Trust Acquires Specialty Building In Brooklyn From Machon Bais Yaacov For $6.7M
1683 42nd Street, Brooklyn, New York 11218, United States
$6,700,000
$284/SF
Building Size
23,548 SF
Asset Type
Other
Closing
Oct 9, 2022
About this deal
AI
The specialty building located at 1683 42nd Street & 1681 42nd Street in Brooklyn has been sold in a recent transaction. The buyer, Bnos Educational Trust represented by Jacob Zehnwirth, acquired the property from Machon Bais Yaacov, represented by Menachem Shriyovich.
Summary of transation details
- Property Type: Specialty Building
- Transaction Amount: $6,700,000
- Square Footage: 23,548
- Price Per Square Foot: $285
- Market: Brooklyn
The sale of this specialty building marks a significant transaction in Brooklyn. Bnos Educational Trust, represented by Jacob Zehnwirth, made the purchase from Machon Bais Yaacov, represented by Menachem Shriyovich. With a total square footage of 23,548 and a sale price of $6,700,000, this deal showcases the strength of the market in Brooklyn.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93