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
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