Meor Hatfilah Acquires Synagogue In Kensington For $5.85M
SOLD
$5,850,000
New York
See Similar DealsOther84,730 SF
Sold 06/04/2020
SOLD
Meor Hatfilah Acquires Synagogue In Kensington For $5.85M
5910 20th Ave, Brooklyn, NY 11204, USA
See Similar DealsOther84,730 SF
Sold 06/04/2020
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$69
Total Square Footage:84,730 SF
Transaction Type:Sale
A synagogue located at 5910-5914 20th Ave in Kensington has been sold for a transaction amount of $5,850,000. The property spans across 8,473 square feet, resulting in a price per square foot of $690. The buyer, Meor Hatfilah, has acquired the property from the seller, Congregation Imrei Tzvi – Herman Mittelman.
Summary of transaction details
- Property Type: Synagogue
- Transaction Amount: $5,850,000
- Square Footage: 8,473
- Price per Square Foot: $690
- Address: 5910-5914 20th Ave, Kensington
- Market: Kensington
- Buyer: Meor Hatfilah
- Seller: Congregation Imrei Tzvi – Herman Mittelman
This transaction involved the buyer, Meor Hatfilah, and the seller, Congregation Imrei Tzvi – Herman Mittelman. The sale of the synagogue, located at 5910-5914 20th Ave in Kensington, marks an important milestone for both parties involved.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$312,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,783.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,731.98
Annual Debt Service$332,783.81
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