Joseph Riegler Acquires School Building In East New York, Brooklyn For $5.4M
822 Dumont Ave Brooklyn, New York City NY 11207, USA
$5,400,000
$284/SF
Building Size
19,000 SF
Asset Type
Other
Closing
Apr 19, 2023
AI
Real estate investor Joseph Riegler, through his entity 822 Dumont Millennium LLC, has purchased a school building located at 822 Dumont Avenue in East New York, Brooklyn. The property, which was sold by America Come Back To God Evangelistic Church for $5.4 million, spans 19,000 square feet. The sale price per square foot comes to $284.
Summary of transaction details
- Property Type: School
- Transaction Amount: $5,400,000
- Address: 822 Dumont Avenue
- Market: East New York, Brooklyn
Joseph Riegler, the buyer, made the purchase through his entity 822 Dumont Millennium LLC. The seller of the property was America Come Back To God Evangelistic Church - Ulysses Furr.
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
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93