Brooklyn Multifamily Property Sells for $4M to Eleizer Schwimer

Eleizer Schwimer has acquired a 16-unit multifamily property located at 945 Park Place in Crown Heights, Brooklyn for 4M from Chaskel Strulovitch. The property spans 10,600 square feet and sold for 377 per square foot, with each unit priced at $250,000. The property is located in a highly desirable area of Brooklyn, with easy access to public transportation and a variety of amenities. The property is also in close proximity to several major universities, including Brooklyn College and Medgar Evers College, making it an attractive option for students and young professionals.

The property features a mix of one and two-bedroom units, with an average unit size of 662 square feet. The property is fully occupied, with a current monthly rental income of $28,800. The property also features on-site laundry facilities and a common outdoor space for residents to enjoy.

Eleizer Schwimer is a seasoned real estate investor with a portfolio of properties throughout New York City. Chaskel Strulovitch is a local real estate developer with a focus on multifamily properties in Brooklyn. The deal was brokered by a team from Marcus & Millichap, including Peter Von Der Ahe, Joe Koicim, and Seth Glasser.

This sale is indicative of the strong demand for multifamily properties in Brooklyn, particularly in desirable neighborhoods like Crown Heights. With low vacancy rates and rising rents, multifamily properties continue to be a popular investment option for both local and out-of-state investors. As the Brooklyn market continues to grow and evolve, it will be interesting to see how these trends continue to play out in the coming years.