Yoel Schwartz Purchases Multifamily Property From Richard He For $1.85M In Brooklyn
SOLD
$1,850,000
New York
See Similar DealsMultiFamily
Sold 04/09/2025
SOLD
Yoel Schwartz Purchases Multifamily Property From Richard He For $1.85M In Brooklyn
32 Fountain Avenue
See Similar DealsMultiFamily
Sold 04/09/2025
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale
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:
- Property Type: Multifamily
- Transaction Amount: $1,850,000
- Units: 7
- Square Footage: 6,713
- Price Per Unit: $264,285
- Price Per Square Foot: $275
- Buyer: Yoel Schwartz
- Seller: Richard He
- Broker Representatives: Matthew Peters & Michael Ettedgui - Marcus & Millichap
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,572.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,769.94
Annual Debt Service$105,239.33
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