Bankruptcy Sale - Brooklyn Charter School Sold For $10.975M By Jakub Nowak, Thomas Brennan, Richard Maltz
SOLD
$10,975,000
New York
See Similar DealsOther28,000 SF
Sold
SOLD
Bankruptcy Sale - Brooklyn Charter School Sold For $10.975M By Jakub Nowak, Thomas Brennan, Richard Maltz
720 Livonia Avenue, Brooklyn, NY, USA
See Similar DealsOther28,000 SF
Sold
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$392
Total Square Footage:28000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$585,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,991.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,027.10
Annual Debt Service$624,325.19
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