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.
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