Updated May 27, 2026
Geofrey Schwartz Purchases Multifamily Property At 602 Bergen Street In Prospect Heights For $4.3M
602 Bergen Street
$4,300,000
$1,575/SF
Building Size
2,729 SF
Asset Type
MultiFamily
Closing
May 14, 2026
About this deal
AI
A multifamily property located at 602 Bergen Street in Prospect Heights, Brooklyn was sold for a transaction amount of $4,300,000. The asset encompasses a total area of 2,729 square feet, resulting in a price per square foot of $1,576.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,300,000
- Address: 602 Bergen Street
- Market: Prospect Heights, Brooklyn
- Square Footage: 2,729
- Price per Square Foot: $1,576
- Buyer: Geofrey Schwartz
- Seller: Todd Schwartz
- Sale Date: May 14, 2026
This transaction was facilitated between Geofrey Schwartz, the buyer, and Todd Schwartz, the seller, marking a notable deal in the multifamily sector within the Brooklyn market.
Players
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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93