The Schwimmer Family Acquires Multifamily Property From Vladimir Rodriguez For $1,200,026 In Brooklyn
1330 Prospect Place
$1,200,026
$383/SF
Building Size
3,126 SF
Asset Type
MultiFamily
Closing
May 25, 2025
AI
The transaction involved a multifamily asset located at 1330 Prospect Place, Brooklyn. The property was sold for $1,200,026 and comprises 2 units with a square footage of 3,126, resulting in a price per unit of $600,013 and a price per square foot of $383.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,026
- Units: 2
- Square Footage: 3,126
- Price Per Unit: $600,013
- Price Per Square Foot: $383
- Buyer: The Schwimmer Family
- Seller: Vladimir Rodriguez
- Buyer's Representative: Eli Shayestehpour - Rosewood Realty Group
- Seller's Representative: Joshua Malekan - Bridge Advisory Group
- Date of Transaction: 5/26/2025
This off-market transaction was completed within 30 days. The seller initially took the property to market but did not achieve the price realized in this deal, highlighting the efficiency of presenting opportunities before market exposure.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93