Menahem Chukroon Acquires Brooklyn Multifamily Property At 273 Park Place For $2.835M
273 Park Place
$2,835,000
$984/SF
Building Size
2,880 SF
Asset Type
MultiFamily
Closing
Jul 23, 2025
AI
The multifamily property located at 273 Park Place in Brooklyn was sold for $2,835,000. The asset consists of 3 units within a total square footage of 2,880. The price per unit was $945,000, while the price per square foot amounted to $984.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,835,000
- Units: 3
- Square Footage: 2,880
- Price Per Unit: $945,000
- Price Per Square Foot: $984
- Buyer: Menahem Chukroon
- Seller: Carla Brown
- Broker Representatives: Jason Abrishami & Jerry Minsky - Douglas Elliman
- Transaction Date: 7/24/2025
The MINSKY | ABRISHAMI Team at Douglas Elliman, consisting of Jason Abrishami and Jerry Minsky, has an extensive background in real estate, with 46 years of combined experience. They have successfully closed and signed over $50M+ in transactions year-to-date, building on a strong performance of $38.5M last year. This team is recognized as a top performer in Brooklyn and among the top 5% of agents nationwide.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.60%
Cash-on-Cash
-1.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93