Schwimmer Family Purchases Multifamily Property On Rockaway Parkway From Prospect Family For $1.13M

The asset involved in this transaction is a multifamily property located at 376 Rockaway Parkway, Brooklyn. The property comprises 4 units with a total square footage of 3,198 and a sale price of $1,130,000, resulting in a price per unit of $282,500 and a price per square foot of $353.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $1,130,000
• Address: 376 Rockaway Parkway
• Market: Brooklyn
• Units: 4
• SF: 3,198
• PPU: $282,500
• PPSF: $353
• Buyer: Schwimmer Family
• Seller: Prospect Family
• Broker Representatives: Mike Kerwin & Eli Shayestehpour - Rosewood Realty Group

The deal involved the Schwimmer Family as the buyer and the Prospect Family as the seller. The brokerage team representing this transaction consists of Mike Kerwin and Eli Shayestehpour, affiliated with Rosewood Realty Group. Prospect Acquisitions is noted for actively seeking to acquire free market properties, including multifamily and mixed-use buildings in regions such as Manhattan, North Brooklyn, and Astoria.