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Amir Zwickel Acquires Multifamily Property At 936 Pacific Street Brooklyn For $2.225M

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SOLD
$2,225,000

New York

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MultiFamily2,850 SF
Sold 08/16/2024
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Property Image
SOLD

Amir Zwickel Acquires Multifamily Property At 936 Pacific Street Brooklyn For $2.225M

936 Pacific Street

See Similar Deals
MultiFamily2,850 SF
Sold 08/16/2024
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$780
Total Square Footage:2,850 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 936 Pacific Street, Brooklyn. It consists of three units and encompasses a total square footage of 2,850. The transaction was completed at a sale price of $2,225,000, resulting in a price per unit of $741,666 and a price per square foot of $780.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,225,000
  • Units: 3
  • Square Footage: 2,850
  • Price Per Unit: $741,666
  • Price Per Square Foot: $780
  • Buyer: Amir Zwickel
  • Seller: Smith Kevin
  • Buyer’s Representative: Afik Even
  • Seller’s Representative: Dani Ohayon - Oxford Property Group
  • Date of Transaction: 08/16/2024

This transaction involved Amir Zwickel as the buyer, with Afik Even representing him throughout the process. The seller, Smith Kevin, was represented by Dani Ohayon from Oxford Property Group. The transaction included a lengthy bidding war, highlighting the competitive nature of the market in the area bordering Prospect Heights.

Players

19 deals$50.8M volume
BROKER

Details

SOLD
IMAGE: Amir Zwickel, Afik Even & Dani Ohayon DATE: 08/16/2024 ADDRESS: 936 Pacific Street MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: Amir Zwickel SELLER: Smith Kevin BUYER'S REP: Afik Even (@AEBrownstones) SELLER'S REP: Dani Ohayon (@BklynRealEstate) - Oxford Property Group (@OxfordSpireGroup) SALE PRICE: $2,225,000 UNITS: 3 ~ PPU: $741,666 SF: 2,850 ~ PPSF: $780 NOTE FROM BROKER: After a long bidding war and navigating through some complex terms, we’re proud to have successfully secured this incredible property right on the border of Prospect Heights! 🔑 Perseverance, strategy, and dedication sealed the deal for our clients. Another successful transaction in the books!

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$118,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,904.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,547.64
Annual Debt Service$126,571.62