Updated Dec 21, 2023
Chezi Zarur Acquires Crown Heights Multifamily For $1.825M
694 Park Place, Brooklyn, New York 11216, United States
$1,825,000
$539/SF
Building Size
3,384 SF
Asset Type
MultiFamily
Closing
Mar 29, 2022
About this deal
AI
A multifamily property in Crown Heights, Brooklyn has been sold for $1,825,000. The property, located at 694 Park Pl., consists of 3 units with a total square footage of 3,384. The price per unit is $608,333, and the price per square foot is $539.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,825,000
- Address: 694 Park Pl., Crown Heights, Brooklyn
- Units: 3
- Price Per Unit: $608,333
- Total Square Footage: 3,384
- Price Per Square Foot: $539
The buyer of the property is Chezi Zarur, while the seller is Louis Rosemond. The transaction was facilitated by Pearl Group.
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
8.69%
Cash-on-Cash
-2.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93