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80 Linden Boulevard, Brookl...

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

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

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

$3,175,000

$640/SF

Building Size

4,960 SF

Asset Type

Other

Closing

Dec 15, 2021

AI

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 CapitalBuyer

Anna Chen

Roman Catholic Church

Seller

$76M

vol

2 deals

Seller

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

5.00%

Cash-on-Cash

-1.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93