Yosif Mamrout's Yeshivat Lev Torah Acquires School Building In Brooklyn For $10M
3340 Kings Highway
$10,000,000
$474/SF
Building Size
21,068 SF
Asset Type
School
Closing
Mar 17, 2026
About this deal
AI
A school building located at 3340 Kings Highway in Brooklyn has been sold for a price of $10 million. The property encompasses 21,068 square feet, resulting in a price per square foot of $475.
Summary of transaction details:
- Property Type: School
- Transaction Amount: $10,000,000
- Square Footage: 21,068
- Price per Square Foot: $475
- Buyer: Yosif Mamrout - Yeshivat Lev Torah
- Seller: Steven Plotnick
- Address: 3340 Kings Highway
- Market: Brooklyn
The transaction was conducted between Yosif Mamrout, representing Yeshivat Lev Torah, and seller Steven Plotnick. This deal took place in mid-March 2026, reflecting the dynamics of the educational real estate market in Brooklyn.
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93