1267 57th St Holdings LLC Acquires Condo In Borough Park Brooklyn For $10.45M
1267 57th Street, #c1
$10,450,000
$1,724/SF
Building Size
6,060 SF
Asset Type
Condo
Closing
Apr 30, 2026
AI
A 6,060-square-foot condo located at 1267 57th Street & R1, Borough Park, Brooklyn was sold for $10,450,000. The sale price translates to $1,724 per square foot, marking a significant transaction in the local real estate market.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $10,450,000
- Sale Date: April 30, 2026
- Buyer: 1267 57th St Holdings LLC
- Seller: Jason Schwimmer
- Square Footage: 6,060
- Price per Square Foot: $1,724
Jason Schwimmer executed the sale of the condo to 1267 57th St Holdings LLC, completing the transaction on April 30, 2026. This deal reflects the involvement of both an established seller and a dedicated buyer, facilitating a notable transfer in the Brooklyn property landscape.
Players
Brooklyn Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.52%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93