Shlomo Avdoo Acquires Garages In Boerum Hill, Brooklyn For $32.3M
341 Bergen Street, Brooklyn, New York 11217, United States
$32,322,068
$1,705/SF
Building Size
18,955 SF
Asset Type
Other
Closing
Dec 27, 2021
About this deal
AI
Located at 341 Bergen Street in Boerum Hill, Brooklyn, this property transaction involved the sale of garages. The zoning for the property is R7B, allowing for residential use. The transaction took place on December 28, 2021, and the parties involved were Shlomo Avdoo as the buyer and Warren Prosky as the seller.
Summary of transation details
- Property Type: Garages
- Transaction Amount: $32,322,068
- Address: 341 Bergen Street, Boerum Hill, Brooklyn
- Market: Boerum Hill, Brooklyn
- BSF: 112,500
- PPBSF: $287
- SF: 18,955
- PPSF: $1,705
- FAR: 0.51
- Tax Class: 4
- Lot Size: 37,500
- Last Sale Price: $0
- Lot Dimension: 375 ft x 100 ft
Shlomo Avdoo represented himself as the buyer in this transaction. Warren Prosky acted as the seller's representative. The property has a lot size of 37,500 square feet and a building square footage (BSF) of 112,500. It was sold for a price of $32,322,068, with a price per building square foot (PPBSF) of $287. The last recorded sale for this property was $0. The lot dimension is 375 feet by 100 feet.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93