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
About this deal
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.
The school sale at 333 Avenue X in New York sold for $7.3M in 2023. The building is 24,000 square feet, implying about 302 per square foot on the published price. Arsen Atbashyan, David Weinberger, Commercial Acquisitions appear on the sale alongside Commercial Acquisitions. This page is the New York file for the 333 Avenue X school sold: pricing, party profiles, and other closed school comps from the same New York sit in the Market section below. Filter that local school set by closing date to see what else sold near 333 Avenue X around 2023. Published consideration for 333 Avenue X is $7.3M, dated 2023. Cite this Commercial Acquisitions Presents Gravesend, Brooklyn School Sale At 333 Avenue X For $7.25M sale when underwriting similar school product around New York.
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Market School Market Snapshot
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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