Zalman Schneerson Acquires Crown Heights Multifamily From Estate Of Norman Johnson For $1.19M
46 Hampton Pl, Brooklyn, NY 11213, USA
$1,190,000
$36/SF
Building Size
32,240 SF
Asset Type
MultiFamily
Closing
Dec 1, 2019
AI
The multifamily property located at 46 Hampton Place in Crown Heights, Brooklyn was recently sold in a closed transaction. The property spans a total of 3,224 square feet, with two units available for occupancy. The asking price for the property was $999,000, and it was ultimately sold for $1,190,000, resulting in a price per square foot of $369. The transaction was completed by Zalman Schneerson, who purchased the property. The seller was the Estate of Norman Johnson, represented by Christopher Johnson. The deal was facilitated by brokers Jerry Tenenbaum and Marina Grager.
Summary of transaction details
- Property Type: Multifamily
- Asking Price: $999,000
- Sale Price: $1,190,000
- Square Footage: 3,224
- Price per Square Foot: $369
- Number of Units: 2
- Price per Unit: $595,000
- Seller: Estate of Norman Johnson c/o Christopher Johnson
- Buyer: Zalman Schneerson
- Brokers: Jerry Tenenbaum & Marina Grager
Zalman Schneerson successfully acquired the multifamily property located at 46 Hampton Place in Crown Heights, Brooklyn. The purchase price for this transaction was $1,190,000. Jerry Tenenbaum and Marina Grager, representing the buyer and seller respectively, facilitated the deal. This transaction involved the Estate of Norman Johnson, which was represented by Christopher Johnson.
Players
New York 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
13.33%
Cash-on-Cash
-3.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93