Ink Property Group Acquires Church Of G-d Of Williamsburg Property In Brooklyn For $2.85M
195 Johnson Avenue, Brooklyn, NY, USA
$2,850,000
$570/SF
Building Size
5,000 SF
Asset Type
Other
Closing
Dec 12, 2017
AI
The Church of G-d of Williamsburg has sold a church located at 195 Johnson Avenue in Brooklyn, New York. The property, spanning 5,000 square feet, was purchased by the Ink Property Group for a price of $2,850,000. The transaction resulted in a price per square foot of $570.
Summary of transaction details
- Property Type: Church
- Transaction Amount: $2,850,000
- Address: 195 Johnson Avenue, New York, Brooklyn
- Market: Brooklyn
- Buyer: Ink Property Group; Eden Ashourzadeh, Alex Kahen
- Seller: Church of G-d of Williamsburg
- Broker: Highcap Group’s Daniel Hakimian
- Size: 5,000 square feet
- Price per Square Foot: $570
The transaction was facilitated by Highcap Group’s Daniel Hakimian, representing the Church of G-d of Williamsburg. Ink Property Group, led by Eden Ashourzadeh and Alex Kahen, acted as the buyer in the deal.
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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93