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

Property Image
SOLD
$1,950,000

New York

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MultiFamily2,800 SF
Sold 12/03/2024
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Property Image
SOLD

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

33 Irving Place

See Similar Deals
MultiFamily2,800 SF
Sold 12/03/2024
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$696
Total Square Footage:2,800 SF
Transaction Type:Sale

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

19 deals$51M volume(917) 583-6706
BROKER

Afik Even
19 deals$50.8M volume
BROKER

Details

SOLD
IMAGE: Afik Even, Amir Zwickel & Sarig Brand DATE: 12/03/2024 ADDRESS: 33 Irving Place MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: Entity Led By Real Estate Developer Amir Zwickel (@AmirZwickel) SELLER: Reed Ann BUYER'S REP: Afik Even (@Aebrownstones) & Sarig Brand (@BrandRealtyNYC) SALE PRICE: $1,950,000 UNITS: 2 ~ PPU: $975,000 SF: 2,800 ~ PPSF: $696 NOTE FROM BROKER: Just closed in Clinton Hill! After persistent work and determination, the title was cleared! We get things done 💪 Looking to buy or sell? Contact Afik Even or Sarig Brand at 917.496.1622 to get started.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$103,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,927.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,243.99
Annual Debt Service$110,927.94