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273 Park Place

Menahem Chukroon Acquires Brooklyn Multifamily Property At 273 Park Place For $2.835M
SOLDMultiFamily

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

Jason Abrishami

Douglas Elliman

Broker

$13.3M

vol

6 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

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

5.60%

Cash-on-Cash

-1.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93