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Chaim Wurzberger Acquires Hospital In Flatbush, Brooklyn For $3.2M

Property Image
SOLD
$3,175,000

New York

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Other4,960 SF
Sold 12/16/2021
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Property Image
SOLD

Chaim Wurzberger Acquires Hospital In Flatbush, Brooklyn For $3.2M

80 Linden Boulevard, Brooklyn, New York 11226, United States

See Similar Deals
Other4,960 SF
Sold 12/16/2021
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Other
Price Per Square Foot:$640
Total Square Footage:4,960 SF
Transaction Type:Sale

Located in the Flatbush neighborhood of Brooklyn, the property at 80 Linden Boulevard has been sold in a recent transaction. The asset, categorized as a Hospital, is situated on a lot measuring 4,921 square feet. The building has a total square footage of 16,928 square feet and a price per square foot of $640.12. The transaction was completed on December 16, 2021, with a sale price of $3,175,000.00.

Summary of transaction details

  • Property Type: Hospital
  • Transaction Amount: $3,175,000.00
  • Address: 80 Linden Boulevard
  • Market: Flatbush, Brooklyn
  • Zoning: R7-1

The buyer in this transaction is Chaim Wurzberger, while the seller is Anna Chen. The property has a floor area ratio (FAR) of 1.01 and falls under tax class 4. The lot dimension is 43.17 feet by 114 feet. The previous sale of the property took place on March 1, 2012, for a price of $0.

Players

Candor Capital
Candor Capital
BUYER
AC
Anna Chen
2 deals$76M volume
SELLER

Details

SOLD
IMAGE: 12/16/2021 ADDRESS: 80 Linden Boulevard MARKET: Flatbush, Brooklyn ASSET TYPE: Hospital ~ ZONING: R7-1 BUYER: Chaim Wurzberger SELLER: Anna Chen PRICE: $3,175,000.00 BSF: 16,928 ~ PPBSF: $187 SF: 4,960 ~ PPSF: $640.12 FAR: 1.01 TAX CLASS: 4 LOT SIZE: 4,921 LAST SALE PRICE: $0 (03/01/2012) LOT DIMENSION: 43.17 ft x 114 ft

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$169,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,280.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,051.12
Annual Debt Service$180,613.44