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
Brooklyn Special Purpose Market Snapshot
Boundary boundary · Special Purpose · Sale transactions
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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