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945 Park Place, Brooklyn, N...

Eleizer Schwimer Acquires Multifamily Property In Crown Heights, Brooklyn For $4M
SOLDMultiFamily

Eleizer Schwimer Acquires Multifamily Property In Crown Heights, Brooklyn For $4M

945 Park Place, Brooklyn, New York 11213, United States

$4,000,000

$377/SF

Building Size

10,600 SF

Asset Type

MultiFamily

Closing

Aug 22, 2022

AI

Located in the vibrant neighborhood of Crown Heights, Brooklyn, a multifamily property at 945 Park Place has recently changed hands in a closed transaction. This 10,600 square-foot asset boasts a total of 16 units, offering a versatile and potentially lucrative investment opportunity in the heart of this sought-after market. The sale price of $4,000,000 reflects a per unit price of $250,000, while the price per square foot stands at $377.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $4,000,000
  • Address: 945 Park Place, Crown Heights, Brooklyn
  • Market: Crown Heights, Brooklyn
  • Buyer: Eleizer Schwimer
  • Seller: Chaskel Strulovitch
  • Units: 16
  • Price per Unit: $250,000
  • Square Footage: 10,600
  • Price per Square Foot: $377

In this transaction, Eleizer Schwimer emerged as the buyer, while Chaskel Strulovitch took on the role of the seller. The deal was finalized on August 23, 2022, marking a significant transaction in the Crown Heights market. With its attractive features and prime location, the multifamily property at 945 Park Place presents an enticing investment prospect for the buyer.

Players

Eleizer Schwimer

Maguire Capital Group

Buyer

$7M

vol

2 deals

Buyer

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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93