Andrew Weber Acquires Multifamily Building From Charles Marsichotto In Crown Heights For $4.85M

An Elevator Apartment Building with 38 units, spanning 40,000 square feet, located at 374 Eastern Parkway in Crown Heights, Brooklyn, was recently sold for $4,850,000 at a price per unit of $127,632 and a price per square foot of $121.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,850,000
• Buyer: Andrew Weber
• Seller: Charles Marsichotto
• Broker: Raymond Mordekhai - Forest Park Properties Inc.

The sale of the property at 374 Eastern Parkway in Brooklyn involved a complex transaction that lasted 25 days on the market. The deal saw the completion of a short payoff with a lender, navigated through 80 inquiries, and received 9 offers before closing in an all-cash as-is transaction within 45 days with no further due diligence required. This significant transaction marked the change of ownership for this magnificent building since 1992, overcoming numerous violations and complications along the way. The successful completion was made possible by the collaborative effort of the dedicated team and the support of many individuals involved in the process.