Eli Pavel Acquires 10 Westminster Road Multifamily In Prospect Park South For $5.22M

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.