facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

32 Fountain Avenue

Yoel Schwartz Purchases Multifamily Property From Richard He For $1.85M In Brooklyn
SOLDMultiFamily

Yoel Schwartz Purchases Multifamily Property From Richard He For $1.85M In Brooklyn

32 Fountain Avenue

$1,850,000

Building Size

Asset Type

MultiFamily

Closing

Apr 9, 2025

AI

The multifamily property located at 32 Fountain Avenue in Brooklyn features a total of 7 units within a building encompassing 6,713 square feet. The transaction was finalized for a sale price of $1,850,000, resulting in a price per unit of $264,285 and a price per square foot of $275.

Summary of transaction details:

The transaction involved broker representatives Matthew Peters and Michael Ettedgui, who are associated with Marcus & Millichap. They facilitated the sale between the buyer, Yoel Schwartz, and the seller, Richard He.

Players

Matthew Peters

Marcus & Millichap

Broker

$159.6M

vol

28 deals

Broker

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

8.57%

Cash-on-Cash

-2.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93