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333 Avenue X

Commercial Acquisitions Presents Gravesend, Brooklyn School Sale At 333 Avenue X For $7.25M
SOLDSchool

Commercial Acquisitions Presents Gravesend, Brooklyn School Sale At 333 Avenue X For $7.25M

333 Avenue X

$7,250,000

$302/SF

Building Size

24,000 SF

Asset Type

School

Closing

Sep 19, 2023

AI

A school located at 333 Avenue X in Gravesend, Brooklyn has been sold for $7,250,000. The property spans 24,000 square feet, resulting in a price per square foot of $302.

Summary of transaction details:

  • Property Type: School
  • Transaction Amount: $7,250,000
  • Address: 333 Avenue X, Gravesend, Brooklyn
  • Market: Gravesend, Brooklyn
  • Seller: David Weinberger
  • Broker: Arsen Atbashyan - Commercial Acquisitions

Arsen Atbashyan, representing Commercial Acquisitions, facilitated the sale of the school property. The transaction was completed on 19th September 2023.

Players

Arsen Atbashyan

Commercial Acquisitions

Broker

$124.8M

vol

52 deals

Broker

David Weinberger

Seller

$10.5M

vol

3 deals

Seller

Market 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

2.19%

Cash-on-Cash

-0.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93