SOLDOther
Shmuel Brook Acquires School/Community Facility In Brooklyn, NY For $9.6M
555 Remsen Avenue, Brooklyn, New York 11236, United States
$9,600,000
$340/SF
Building Size
28,200 SF
Asset Type
Other
Closing
Mar 7, 2022
AI
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
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93