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1330 Prospect Place

The Schwimmer Family Acquires Multifamily Property From Vladimir Rodriguez For $1,200,026 In Brooklyn
SOLDMultiFamily

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

Joshua Malekan

Bridge Advisory Group

Broker

$136.7M

vol

38 deals

Broker

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