Charter High School Acquires Gymnasium Complex In Brooklyn For $19.1M
584 Driggs Avenue Brooklyn, New York 11211, USA
$19,100,000
Building Size
—
Asset Type
School
Closing
Aug 8, 2023
About this deal
AI
A charter high school in Williamsburg, Brooklyn, has purchased a gymnasium complex located at 584 Driggs Ave. The property was sold for a total of $19.1 million.
Summary of transaction details:
- Property Type: School
- Transaction Amount: $19,100,000
- Address: 584 Driggs Avenue, Brooklyn
- Market: Brooklyn
Jake Elghanayan acted as the buyer in this transaction, acquiring the gymnasium complex on behalf of the charter high school. On the selling side, David Dweck represented the seller.
The school sale at 584 Driggs Avenue Brooklyn, New York 11211, USA in New York, New York sold for $19.1M in 2023. 584 Driggs Avenue Brooklyn, New York 11211, USA is classified as School on Traded. Named participants on the 584 Driggs Avenue Brooklyn, New York 11211, USA sale are David Dweck, Jake Elghanayan. This page is the New York, New York file for the 584 Driggs Avenue Brooklyn, New York 11211, USA school sold: pricing, party profiles, and other closed school comps from the same New York sit in the Market section below. Filter that New York school set by closing date to see what else sold near 584 Driggs Avenue Brooklyn, New York 11211, USA around 2023. Published consideration for 584 Driggs Avenue Brooklyn, New York 11211, USA is $19.1M, dated 2023. Cite this Charter High School Acquires Gymnasium Complex In Brooklyn For $19.1M sale when underwriting similar school product around New York, New York.
On the Map
$19,100,000
School
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New York School Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93