Meor Hatfilah Acquires Synagogue In Kensington For $5.85M
5910 20th Ave, Brooklyn, NY 11204, USA
$5,850,000
$69/SF
Building Size
84,730 SF
Asset Type
Other
Closing
Jun 3, 2020
About this deal
AI
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.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.71%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93