SOLD
Eli Pavel Acquires 10 Westminster Road Multifamily In Prospect Park South For $5.22M
10 Westminster Road
MultiFamily
25,990 SF
25,990 SF
Sold 339 days ago
Summary
Sale
NEW YORK
MultiFamily
25,990 sqft
10 Westminster Road, a 21-unit residential walkup located in the Prospect Park South neighborhood of Brooklyn, has been sold for $5,225,000. The property spans 25,990 square feet and was sold at a price of $201 per square foot. The transaction represents a 6.25% Cap Rate, with each unit valued at $248,810.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,225,000
- Units: 21
- Price Per Unit: $248,810
- Square Footage: 25,990
- Price Per Square Foot: $201
The buyer, Eli Pavel, acquired the property from seller Albert Dweck. The deal was facilitated by DJ Johnston and Jermaine Pugh from B6 Real Estate Advisors, who represented both parties in the transaction. For inquiries about the deal or for an opinion of value on a similar property, DJ Johnston can be reached at [email protected] or 914-584-7422.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: DJ Johnston & Jermaine Pugh
DATE: 05/01/2023
ADDRESS: 10 Westminster Road
MARKET: Prospect Park South
ASSET TYPE: Multifamily
BUYER: Eli Pavel
SELLER: Albert Dweck
BROKER: DJ Johnston (@B6RealEstate_JohnstonTeam) & Jermaine Pugh (@ThePughTeam_B6RealEstate) - B6 Real Estate Advisors (@B6RealEstate)
SALE PRICE: $5,225,000
UNITS: 21 ~ PPU: $248,810
SF: 25,990 ~ PPSF: $201
NOTE FROM BROKER: Our team successfully sold 10 Westminster Road, a 21-unit residential walkup in the Prospect Park South neighborhood of Brooklyn. The sales price represented a 6.25% Cap Rate and $200 per SF. Connect with our team if you have any questions relating to the transaction or own a similar property and are curious about our opinion of value. DJ Johnston [email protected] 914-584-7422.View on map
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Address10 Westminster Road
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