Isaac Hager Acquires Boerum Hill Package Deal For $32.5M
SOLD
$32,500,000
+ 1
New York
See Similar DealsPackage Deal
Sold 11/17/2023
SOLD
Isaac Hager Acquires Boerum Hill Package Deal For $32.5M
100 Dean Street
See Similar DealsPackage Deal
Sold 11/17/2023
+ 1
Summary
NEW YORK
Asset Type:Package Deal
Transaction Type:Sale
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
SELLER
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,733,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$115,465.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$154,066.58
Annual Debt Service$1,848,798.97
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