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100 Dean Street

Isaac Hager Acquires Boerum Hill Package Deal For $32.5M
SOLDPackage Deal

Isaac Hager Acquires Boerum Hill Package Deal For $32.5M

100 Dean Street

$32,500,000

Building Size

Asset Type

Package Deal

Closing

Nov 17, 2023

AI

A package deal in Boerum Hill, Brooklyn has recently been sold for a total of $32,500,000. The property, located at 1000 Dean Street, was acquired by Isaac Hager from the seller, Meadow Partners. The transaction was handled by brokers David Schechtman, Abie Kassin, and Lipa Lieberman from Meridian Capital Group.

Summary of transaction details

  • Property Type: Package Deal
  • Transaction Amount: $32,500,000
  • Address: 1000 Dean Street
  • Market: Boerum Hill, Brooklyn

David Schechtman, Abie Kassin, and Lipa Lieberman from Meridian Capital Group played a key role in the deal as the brokers representing the parties involved. Their expertise and guidance contributed to the successful completion of the transaction.

Players

Abie Kassin

Meridian Capital Group

Broker

$1.6B

vol

52 deals

Broker

Isaac Hager

Cornell Realty Management, LLC

Buyer

$219.3M

vol

5 deals

Buyer
Meadow Partners
Meadow PartnersSeller
Meadow Partners
Meadow PartnersLender

Brooklyn Package Deal Market Snapshot

Boundary boundary · Package Deal · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.49%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93