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936 Pacific Street

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

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

936 Pacific Street

$2,225,000

$780/SF

Building Size

2,850 SF

Asset Type

MultiFamily

Closing

Aug 16, 2024

AI

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

Afik Even

Broker

$50.8M

vol

19 deals

Broker

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

7.13%

Cash-on-Cash

-2.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93