facebook
Traded Co logo
Submit

Shmuel Brook Acquires School/Community Facility In Brooklyn, NY For $9.6M

Property Image
SOLD
$9,600,000
Jakub Nowak

New York

See Similar Deals
Other28,200 SF
Sold 03/08/2022
the dealplayerscompscontact
Property Image
SOLD

Shmuel Brook Acquires School/Community Facility In Brooklyn, NY For $9.6M

555 Remsen Avenue, Brooklyn, New York 11236, United States

See Similar Deals
Other28,200 SF
Sold 03/08/2022
Jakub Nowak
Contact now

Summary

NEW YORK
Asset Type:Other
Price Per Square Foot:$340
Total Square Footage:28,200 SF
Transaction Type:Sale

A school/community facility located at 555 Remsen Ave in Brooklyn, NY has been sold for a price of $9,600,000. The property spans a total of 28,200 square feet, resulting in a price per square foot of $340. The transaction took place on March 8, 2022.

Summary of transaction details

  • Property Type: School/Community Facility
  • Transaction Amount: $9,600,000
  • Address: 555 Remsen Ave, Brooklyn, NY
  • Market: Brooklyn, NY

The buyer of the property is Shmuel Brook, while Bernard Kahn acted as the seller. Jakub Nowak and Thomas Brennan from Marcus & Millichap represented the seller in the deal. Yossi Hackner served as the buyer's representative.

For further information on the sale of NYC community facilities or schools, you can reach out to the experts at Marcus & Millichap. Jakub Nowak can be contacted at 718 475 4353, and Thomas Brennan can be reached at 718 475 4326.

Players

Jakub Nowak
87 deals$471.9M volume
BROKER

Thomas Brennan
Marcus & Millichap
13 deals$75.7M volume
BROKER

Details

SOLD
IMAGE: Jakub Nowak & Thomas Brennan DATE: 03/08/2022 ADDRESS: 555 Remsen Ave MARKET: Brooklyn, NY ASSET TYPE: School/Community Facility BUYER: Shmuel Brook SELLER: Bernard Kahn SELLER'S REP: Jakub Nowak & Thomas Brennan - (@The_Nowak_Group) (@Jakub_H_Nowak) (@TlBrennan3) Marcus & Millichap (@MarcusMillichap_NY) BUYER'S REP: Yossi Hackner SALE PRICE: $9,600,000 SF: 28,200 ~ PPSF: $340 NOTE FROM @MarcusMillichap_NY: To speak with our team of experts versed in the unique challenges involved in the sale of NYC community facility or school, please give us a call. Jakub Nowak – 718 475 4353, Thomas Brennan – 718 475 4326.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$511,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,106.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,508.90
Annual Debt Service$546,106.77