Updated Oct 29, 2024
Chaim Drizin Acquires Multi-Family Property In Brooklyn For $1.6M
646 Eastern Pkwy, Brooklyn, NY 11213, USA
Building Size
3,492 SF
Asset Type
MultiFamily
Closing
Jun 21, 2018
About this deal
AI
The multi-family property located at 646 Eastern Parkway in Brooklyn, New York has been sold for a price of $1,600,000. The transaction took place on June 22, 2018.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $1,600,000
- Seller: Zucker Asset Group - Ted Zucker & Andrew Wenzel
- Buyer: Chaim Drizin
- Broker: The Johnston Team of Commercial Warehouse Brooklyn - Bryan Kirk, DJ Johnston, Josh Sabzevari
The property, situated in the Brooklyn market, was sold by the Zucker Asset Group, represented by Ted Zucker and Andrew Wenzel, to buyer Chaim Drizin. The transaction was facilitated by the brokers Bryan Kirk, DJ Johnston, and Josh Sabzevari of The Johnston Team of Commercial Warehouse Brooklyn.
On the Map
MultiFamily
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93