Daily limit: 0/10
Educational Institute Oholei Torah Purchases Multifamily Building At 1327 President Street For $8.5M
SOLD
$8,500,000
New York
See Similar DealsMultiFamily23,580 SF
Sold 05/12/2025
SOLD
Educational Institute Oholei Torah Purchases Multifamily Building At 1327 President Street For $8.5M
1327 President Street
See Similar DealsMultiFamily23,580 SF
Sold 05/12/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$360
Total Square Footage:23,580 SF
Transaction Type:Sale
A multifamily residential building located at 1327 President Street in Crown Heights, Brooklyn, was sold for $8,500,000. The property consists of 18 units, covering a total square footage of 23,580. The price per unit is $472,222, while the price per square foot is $360.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,500,000
- Buyer: Educational Institute Oholei Torah of Brooklyn
- Seller: Myrtle Whitmore
- Units: 18
- Square Footage: 23,580
- Price Per Unit: $472,222
- Price Per Square Foot: $360
The buyer, Educational Institute Oholei Torah of Brooklyn, is associated with the Chabad-Lubavitch community. The seller of the property is Myrtle Whitmore, who sold the building from her estate.
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$453,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04
Is there something missing? Send suggestions