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
About this deal
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
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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