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33 Irving Place

Entity Led By Amir Zwickel Acquires Multifamily Property At 33 Irving Place For $1.95M
SOLDMultiFamily

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

Sarig Brand

Broker

$51M

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

8.13%

Cash-on-Cash

-2.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93