Avrohom Schlaff Acquires School Building In Borough Park From Samuel Wolner For $7 Million
1017 45th Street
$7,000,000
$1,237/SF
Building Size
5,658 SF
Asset Type
School
Closing
Mar 31, 2026
About this deal
AI
The property involved in the transaction is a school building located at 1017 45th Street in the Borough Park neighborhood of Brooklyn. The asset has a total area of 5,658 square feet and was sold for $7 million, which translates to approximately $1,237 per square foot.
Summary of transaction details:
- Property Type: School
- Transaction Amount: $7,000,000
- Sale Date: March 31, 2026
- Address: 1017 45th Street
- Market: Borough Park, Brooklyn
- Square Footage: 5,658
- Price per Square Foot: $1,237
- Buyer: Avrohom Schlaff
- Seller: Samuel Wolner
Avrohom Schlaff acquired the school from Samuel Wolner. The transaction reflects a direct sale without intermediaries, highlighting the involvement of both parties in the negotiation and completion of the deal.
Players
Brooklyn School Market Snapshot
Boundary boundary · School · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93