Updated Jul 27, 2026
Lior Cohen Acquires MultiFamily Building At 947 President Street In Park Slope For $5.7M
947 President Street
$5,700,000
$791/SF
Building Size
7,200 SF
Asset Type
MultiFamily
Closing
Jul 2, 2026
About this deal
AI
A four-unit multifamily building, spanning 7,200 square feet, was sold at 947 President Street in Park Slope, Brooklyn. The property was acquired for $5,700,000, translating to $792 per square foot in a judicial partition sale.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $5,700,000
- Square Footage: 7,200
- Price per Square Foot: $792
- Units: 4
- Price per Unit: $1,425,000
- Buyer: Lior Cohen
- Acquisition Entity: 947 President Bh LLC
- Closing Date: July 2, 2026
- Record Date: July 13, 2026
Lior Cohen, representing 947 President Bh LLC, was involved in the transaction of the property, which was structured as a judicial partition sale. Details regarding the acquisition process highlight the legal nature of the transaction.
Players
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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93