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
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