facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Special Purpose

/

Sale

/

21 Duryea Place

Yoel Zagelbaum Acquires Special Purpose Property In Flatbush, Brooklyn For $31M
SOLDSpecial Purpose

Yoel Zagelbaum Acquires Special Purpose Property In Flatbush, Brooklyn For $31M

21 Duryea Place

$31,000,000

$934/SF

Building Size

33,163 SF

Asset Type

Special Purpose

Closing

Jan 4, 2024

AI

Yoel Zagelbaum has secured the special-purpose property at 21 Duryea Place in Flatbush, Brooklyn. The property was sold by David Levitan in a transaction valued at $31 million. The property spans 33,163 square feet, resulting in a price per square foot of $935.

Summary of transaction details

  • Property Type: Special Purpose
  • Transaction Amount: $31,000,000
  • Property Address: 21 Duryea Place, Flatbush, Brooklyn
  • Market: Flatbush, Brooklyn
  • Buyer: Yoel Zagelbaum
  • Seller: David Levitan
  • Square Footage: 33,163
  • Price per Square Foot: $935

This transaction marks Yoel Zagelbaum's acquisition of the special-purpose property at 21 Duryea Place from seller David Levitan. The deal was finalized at a price of $31 million. Zagelbaum's purchase of this property in Flatbush, Brooklyn signifies a significant investment in the real estate market.

Players

Yoel Zagelbaum

Buyer

$39M

vol

2 deals

Buyer

David Levitan

Seller

$70.9M

vol

4 deals

Seller

Brooklyn Special Purpose Market Snapshot

Boundary boundary · Special Purpose · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.51%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93