Bankruptcy Sale - Brooklyn Charter School Sold For $10.975M By Jakub Nowak, Thomas Brennan, Richard Maltz
720 Livonia Avenue, Brooklyn, NY, USA
$10,975,000
$392/SF
Building Size
28,000 SF
Asset Type
Other
Closing
Jan 20, 2021
AI
A charter school located at 720 Livonia Avenue in Brooklyn has been sold in a bankruptcy sale. The property, totaling 28,000 square feet, was sold for a price of $10,975,000, resulting in a price per square foot of $391. The transaction took place on January 21, 2021.
Summary of transaction details
- Property Type: Charter School
- Transaction Amount: $10,975,000
- Address: 720 Livonia Avenue, Brooklyn
- Market: Brooklyn
- Brokers: Jakub Nowak - The Nowak Group, Thomas Brennan - The Nowak Group, Richard Maltz - Maltz Auctions
The deal involved several key individuals and companies. The brokers representing the transaction were Jakub Nowak from The Nowak Group, Thomas Brennan from The Nowak Group, and Richard Maltz from Maltz Auctions. The sale was conducted as a bankruptcy sale.
Players
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
1.45%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93