Yehoshua Leib Fruchthandler Acquires Adult Care Facility In Canarsie, Brooklyn For $51.3M
633 East 104th Street, Canarsie, Brooklyn, NY, USA
$51,287,219
$591/SF
Building Size
86,763 SF
Asset Type
Other
Closing
Dec 14, 2020
AI
An adult care facility located at 633 East 104th Street in Canarsie, Brooklyn has been sold for a price of $51,287,219. The property, with a total area of 86,763 square feet, was purchased by Yehoshua Leib Fruchthandler from the seller, E&M Management. The transaction took place on December 15, 2020. The property is zoned as R5, and it sits on a lot measuring 200 feet by 275 feet.
Summary of transaction details
- Property Type: Adult Care Facility
- Transaction Amount: $51,287,219
- Address: 633 East 104th Street, Canarsie, Brooklyn
- Market: Canarsie, Brooklyn
- Zoning: R5
- Seller: E&M Management
- Buyer: Yehoshua Leib Fruchthandler
- Square Footage: 86,763
- Price per Square Foot: $591
- Lot Size: 200 ft x 275 ft
The deal was facilitated by Irving Langer of E&M Management's agency.
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93