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:
- 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.
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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93