Daily limit: 0/10
Charter High School Acquires Gymnasium Complex In Brooklyn For $19.1M
SOLD
New York
See Similar DealsSchool
Sold 08/08/2023
SOLD
Charter High School Acquires Gymnasium Complex In Brooklyn For $19.1M
584 Driggs Avenue Brooklyn, New York 11211, USA
See Similar DealsSchool
Sold 08/08/2023
Summary
NEW YORK
Asset Type:School
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,018,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$67,858.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$90,543.74
Annual Debt Service$1,086,524.93
Is there something missing? Send suggestions