Entity Led By Amir Zwickel Acquires Multifamily Property At 33 Irving Place For $1.95M
33 Irving Place
$1,950,000
$696/SF
Building Size
2,800 SF
Asset Type
MultiFamily
Closing
Dec 3, 2024
AI
The property involved in this transaction is a multifamily asset located at 33 Irving Place, Brooklyn. The sale price for this property was $1,950,000, comprised of 2 units, resulting in a price per unit of $975,000. The total square footage of the property is 2,800, yielding a price per square foot of $696.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,950,000
- Address: 33 Irving Place
- Market: Brooklyn
- Units: 2
- Price Per Unit: $975,000
- Square Footage: 2,800
- Price Per Square Foot: $696
- Buyer: Entity Led By Real Estate Developer Amir Zwickel
- Seller: Reed Ann
- Buyer's Representatives: Afik Even & Sarig Brand
This transaction was facilitated by buyer's representatives Afik Even and Sarig Brand, who played a crucial role in navigating the complexities of the deal, ensuring that the title was cleared through persistent work and determination.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93