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46 Hampton Pl, Brooklyn, NY...

Zalman Schneerson Acquires Crown Heights Multifamily From Estate Of Norman Johnson For $1.19M
SOLDMultiFamily

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

Marina Grager

Broker

$1.2M

vol

1 deal

Broker

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