Devorah Piekarski Acquires Multifamily Property In Crown Heights For $1.625M
666 Eastern Parkway, Brooklyn, NY 11213
$1,625,000
$499/SF
Building Size
3,255 SF
Asset Type
MultiFamily
Closing
Jul 1, 2020
AI
A multifamily property located at 666 Eastern Parkway in Crown Heights has been sold. The transaction took place on July 1, 2021. The property, spanning 3,255 square feet, was sold for a price of $1,625,000, resulting in a price per square foot of $499. The sale was facilitated by Margula Roumani of Douglas Elliman on behalf of the buyer, Devorah Piekarski, and Arber Haxhaj of District Properties represented the seller, Gerrol St. John.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,625,000
- Address: 666 Eastern Parkway, Crown Heights
- Market: Crown Heights
- Buyer: Devorah Piekarski
- Seller: Gerrol St. John
- Buyer's Representative: Margula Roumani - Douglas Elliman
- Seller's Representative: Arber Haxhaj - District Properties
- Asking Price: $1,799,000
- Square Footage: 3,255
- Price Per Square Foot: $499
Devorah Piekarski purchased the multifamily property located at 666 Eastern Parkway in Crown Heights for a sale price of $1,625,000. Margula Roumani, representing Douglas Elliman, assisted the buyer in the transaction. On the other side, Gerrol St. John was represented by Arber Haxhaj from District Properties as the seller's representative.
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
9.76%
Cash-on-Cash
-2.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93